CARR Stock: $46 Target (Up From $45) By Barclays

By Amit Chowdhry ● April 10, 2021
  • The shares of Carrier Global Corp (NYSE: CARR) have received a price target increase from $45 to $46 by Barclays. These are the details. 

The shares of Carrier Global Corp (NYSE: CARR) have received a price target increase from $45 to $46 by Barclays. And Barclays analyst Julian Mitchell is keeping an “Overweight” rating on the company shares.

Mitchell is expecting multi-industry companies that provided 2021 guidance to raise it upon reporting Q1 results.

Barclays is not the only brokerage to offer a bullish take on Carrier Global. Earlier this month, CFRA offered a “Buy” rating on Carrier Global. The “Buy” opinion had reflected Carrier Global’s strategic initiatives. And residential heating, ventilation, and air conditioning replacement demand it at a peak, which will lead to stable sales in the segment in the medium term.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.