BofA Securities analyst Andrew Obin maintains $Carrier Global (CARR.US)$ with a hold rating.
According to TipRanks data, the analyst has a success rate of 65.5% and a total average return of 13.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Carrier Global (CARR.US)$'s main analysts recently are as follows:
The expectation for Carrier Global's valuation has been adjusted to account for a shift in the timeline for financial goals and reflects a reevaluation among peers. Analysts maintain a stance that takes into account the company's robust order book, which could suggest a positive reassessment of its value, counterbalanced by challenges faced by Viessmann.
The reassessment of several electrical equipment and multi-industry models in anticipation of the Q3 earnings season is based on corporate feedback, portfolio updates, channel checks, and incoming data. The overall increase in group valuations is recognized as a primary factor contributing to the elevation of valuations across the industry sector.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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