RBC Capital analyst Deane Dray maintains $Carrier Global (CARR.US)$ with a buy rating, and adjusts the target price from $91 to $87.
According to TipRanks data, the analyst has a success rate of 62.2% and a total average return of 13.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Carrier Global (CARR.US)$'s main analysts recently are as follows:
Carrier Global's HVAC revenue did not meet expectations, even though there was an earlier indication of strength in the North American residential HVAC market before the quarterly results were announced. Looking forward, the attention is shifting towards the potential for organic growth within the primary HVAC markets in the upcoming year.
Despite a softer performance in Q3, the outlook for HVAC going into Q4 seems more upbeat, bolstered by stronger order trends observed with Viessmann and reports of robust residential sell-through in October.
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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