Carrier Global shares are trading higher after TD Cowen maintained a Buy rating on the stock and raised its price target from $66 to $70.
Portfolio Pulse from Benzinga Newsdesk
Carrier Global's stock price increased following TD Cowen's decision to maintain a Buy rating and raise its price target from $66 to $70.
April 29, 2024 | 5:59 pm
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POSITIVE IMPACT
Carrier Global's stock is likely to experience a positive short-term impact due to TD Cowen's upgraded price target and maintained Buy rating.
Analyst ratings and price target adjustments are significant indicators for stock performance. TD Cowen's decision to raise the price target for Carrier Global from $66 to $70 while maintaining a Buy rating is a strong positive signal to the market, suggesting confidence in the company's future performance. This typically leads to increased investor interest and can drive the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90