Barclays analyst Julian Mitchell maintains $Carrier Global (CARR.US)$ with a buy rating, and maintains the target price at $90.
According to TipRanks data, the analyst has a success rate of 69.4% and a total average return of 17.6% 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 firm has adjusted the basis for its valuation outlook by extending the timeframe by a year, noting that the revised valuation is in line with peer group rerating. Analysts maintain a neutral stance on the stock, acknowledging the company's robust order book and potential for valuation adjustment, while also taking into account the challenges presented by weakness in Viessmann.
The firm has adjusted its models for electrical equipment and multi-industry ahead of the Q3 earnings season to incorporate feedback from the corporate sector, portfolio changes, channel checks, and incoming data. The reassessment of group valuations has generally lifted valuations across the sector.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
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.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
