BWG Global has revised its outlook for Carrier Global's (CARR, Financial) U.S. commercial HVAC equipment segment, adjusting its assessment from Positive to Mixed. This change follows feedback collected from 18 U.S. commercial HVAC wholesalers and distributors, indicating potential challenges in the market.
The downgrade suggests that Carrier Global may be encountering difficulties in maintaining its prior growth trajectory within the commercial HVAC sector. This shift in perspective may impact investor sentiment and could signal a need for strategic adjustments by the company.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 20 analysts, the average target price for Carrier Global Corp (CARR, Financial) is $75.94 with a high estimate of $85.12 and a low estimate of $64.00. The average target implies an upside of 30.52% from the current price of $58.18. More detailed estimate data can be found on the Carrier Global Corp (CARR) Forecast page.
Based on the consensus recommendation from 26 brokerage firms, Carrier Global Corp's (CARR, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Carrier Global Corp (CARR, Financial) in one year is $60.04, suggesting a upside of 3.2% from the current price of $58.18. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Carrier Global Corp (CARR) Summary page.
