Analysts Cut Carrier Global Price Target Post Q4 Results

Akanksha Bakshi
1 min read
0
In this article:

  • Analysts lower price target on Carrier Global Corp (NYSE: CARR) after Q4 results

  • Wells Fargo analyst Joseph O'Dea lowered the price target to $50 (an upside of 5.3%) from $56 and maintained an Equal Weight rating on the shares.

  • The analyst mentions better-than-expected HVAC and Refrigeration revenue was offset by lower-than-expected margins, resulting in operating results in line with his expectations.

  • Related: Carrier Global Q4 Earnings Tops Street View, Provides FY22 Outlook

  • Mizuho analyst Brett Linzey lowered the price target to $50 (an upside of 5.3%) from $57 and maintained a Neutral rating on the shares.

  • Linzey states the company's Q4 was clouded by supply chain and inflation. The analyst cites the equity market de-rate, including the industrial stock complex, for the target drop.

  • Credit Suisse analyst John Walsh lowered the price target to $52 (an upside of 9.5%) from $56 and maintained a Neutral rating on the shares.

  • Also Read: Carrier Agrees To Acquire Toshiba's 55% Stake In TCC Joint Venture For ~0M.

  • Price Action: CARR shares closed higher by 4.19% at $47.99 on Wednesday.

Latest Ratings for CARR

Feb 2022

Credit Suisse

Maintains

Neutral

Feb 2022

Wells Fargo

Maintains

Equal-Weight

Feb 2022

Mizuho

Maintains

Neutral

View More Analyst Ratings for CARR
View the Latest Analyst Ratings

See more from Benzinga

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Advertisement

Recommended Stories