Wells Fargo Maintains Equal-Weight on Carrier Global, Lowers Price Target to $57
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Joe O'Dea has maintained an Equal-Weight rating on Carrier Global (CARR) and reduced the price target from $63 to $57.
February 07, 2024 | 3:44 pm
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Wells Fargo analyst Joe O'Dea maintains an Equal-Weight rating on Carrier Global and lowers the price target from $63 to $57.
The reduction in price target by Wells Fargo could lead to a negative short-term sentiment among investors, potentially causing a decrease in the stock price of Carrier Global. The Equal-Weight rating suggests that the analyst views the stock as adequately valued at its current price, but the lowered price target indicates a revision of the stock's future valuation, which could impact investor confidence.
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IMPORTANCE 75
RELEVANCE 100