Citigroup Maintains Neutral on Carrier Global, Raises Price Target to $56
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Vladimir Bystricky has maintained a Neutral rating on Carrier Global (NYSE:CARR) and increased the price target from $52 to $56.
December 11, 2023 | 5:23 pm
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Citigroup has maintained a Neutral rating on Carrier Global but raised the price target from $52 to $56, indicating a potential upside from the current price level.
The increase in price target by Citigroup suggests a positive outlook on the stock's potential, which could lead to increased investor interest and a short-term rise in stock price. However, the Neutral rating indicates that the analyst does not see significant momentum beyond the new target price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100