Carrier Global Analyst Re-evaluates Position After Q2 Earnings Exceed Expectations
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Shares of Carrier Global Corp (NYSE:CARR) were trading higher on Monday, following the company’s announcement of its second-quarter results on Thursday.
The company delivered on earnings despite weaker-than-expected Viessmann results and plans to repurchase shares worth $1 billion in the back half of 2024, according to BofA Securities.
The Carrier Global Analyst: Andrew Obin upgraded the rating for Carrier Global from Underperform to Neutral, while raising the price target from $55 to $72.
The Carrier Global Thesis: The company reported adjusted earnings of 87 per share, higher than the 84 …
Full story available on Benzinga.com
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