What 5 Analyst Ratings Have To Say About Carrier Global
Portfolio Pulse from Benzinga Insights
Carrier Global (NYSE:CARR) has received mixed analyst ratings over the past quarter, with 3 somewhat bullish and 2 indifferent ratings. The 12-month price targets show an average of $64.2, with a slight decrease from the previous $64.25. Analysts from firms like Oppenheimer, Citigroup, Barclays, RBC Capital, and Wells Fargo have updated their ratings and price targets, reflecting various adjustments based on Carrier Global's performance and market conditions. Carrier Global, a manufacturer in HVAC, refrigeration, and fire and security products, plans to divest certain businesses and acquired Viessmann for $13 billion. Despite its market capitalization indicating a strong market position, Carrier Global faces challenges in revenue growth, profitability, and debt management.
April 18, 2024 | 3:02 pm
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NEUTRAL IMPACT
Carrier Global has received mixed reviews from analysts, with a slight decrease in the average price target. The company's strategic moves, including acquisitions and divestitures, alongside challenges in revenue growth and profitability, could influence its stock performance.
The mixed analyst ratings and slight adjustment in the average price target suggest a cautious outlook from the market. The strategic acquisition of Viessmann and plans to divest certain businesses indicate significant changes in the company's operations, which could have both positive and negative impacts on its financial performance. However, the challenges in revenue growth, profitability, and high debt levels are concerning factors that might weigh on the stock's short-term performance. The overall neutral score reflects these balanced factors, with a high relevance due to the direct mention and significant importance given the potential impact of these factors on investor decisions.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100