Corporate News
Carrier Global Corp
Manufacturer of HVAC equipment
Analyst Updates
- Goldman Sachs has lowered its price target for Carrier Global while maintaining a buy rating.
- Barclays has also reduced its price target, keeping a buy recommendation.
- RBC Capital Markets has adjusted its price target, though the new level was not disclosed.
These revisions indicate that market analysts are revising their expectations for Carrier Global’s financial performance.
Product Milestone
Carrier Global has announced the launch of a 10‑14 ton commercial rooftop unit that received validation from the U.S. Department of Energy (DOE). This unit represents a benchmark in the industry and demonstrates the company’s focus on energy‑efficient solutions for commercial applications.
Market Challenges
Carrier faces headwinds in the residential HVAC segment, where demand has shown weakness. The company’s exposure to this market could affect its overall revenue trajectory.
Outlook
Despite the residential market difficulties, Carrier’s continued investment in product innovation and expansion of its commercial product line position the company to strengthen its long‑term competitiveness. Analysts will monitor how these developments influence future earnings and valuation.