RBC Capital Sticks to Its Buy Rating for Carrier Global (CARR)
In a report released on April 14, Deane Dray from RBC Capital maintained a Buy rating on Carrier Global, with a price target of $71.00. The company’s shares closed yesterday at $64.66.
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According to TipRanks, Dray is a 5-star analyst with an average return of 13.7% and a 65.13% success rate. Dray covers the Industrials sector, focusing on stocks such as Lennox International, nVent Electric, and Pentair.
Currently, the analyst consensus on Carrier Global is a Moderate Buy with an average price target of $72.78, which is a 12.56% upside from current levels. In a report released on April 13, Citi also maintained a Buy rating on the stock with a $72.00 price target.
Based on Carrier Global’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.84 billion and a net profit of $62 million. In comparison, last year the company earned a revenue of $5.15 billion and had a net profit of $2.55 billion
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- Carrier Global initiated with a Neutral at BNP Paribas
- Carrier Global initiated with an Outperform at Evercore ISI
- Carrier Global price target lowered to $58 from $65 at Wells Fargo
- Carrier Global price target lowered to $67 from $72 at Barclays
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