Mizuho has adjusted its price target for Carrier Global (CARR, Financial), lowering it from $78 to $72 while maintaining an Outperform rating on the stock. This revision comes as part of a broader reassessment of the electrical equipment and multi-industry sectors, just ahead of the upcoming earnings season.
The firm cites slowing near-term demand and the financial impact of escalating tariffs, particularly those affecting trade with China, as key factors influencing this decision. Mizuho notes that while first-quarter performance appears to be aligning with expectations, recent developments are diverting investor attention away from these results.
Despite companies preemptively increasing prices in response to tariff pressures, Mizuho anticipates that some challenges will remain unresolved, potentially affecting future performance. The firm highlights the potential for continued negative impacts, describing these as "leakage and unmitigated headwinds" in its analysis.
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 30.21% from the current price of $58.32. 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 2.95% from the current price of $58.32. 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.
