Carrier Global Analyst Re-evaluates Position After Q2 Earnings Exceed Expectations
Portfolio Pulse from Priya Nigam
Carrier Global Corp (NYSE:CARR) saw its shares rise after exceeding Q2 earnings expectations. Despite weaker Viessmann results, the company plans a $1 billion share repurchase in late 2024. Analyst Andrew Obin upgraded CARR from Underperform to Neutral and raised the price target from $55 to $72.
July 29, 2024 | 4:42 pm
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Carrier Global Corp exceeded Q2 earnings expectations, leading to an analyst upgrade and a raised price target. The company plans a $1 billion share repurchase in late 2024.
Carrier Global's better-than-expected Q2 earnings and the announcement of a significant share repurchase plan have positively influenced investor sentiment. The analyst upgrade and raised price target further support a positive short-term outlook for the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100