Goldman Sachs raised the firm’s price target on Carrier Global (CARR) to $85 from $82 and keeps a Buy rating on the shares following the company’s Investor Day presentation. The firm notes that the management’s medium-term outlook was in line with its expectations, implying $4 in EPS by 2027, while its focus on increasing parts and systems penetration was notable and should help spur margin accretive and more resilient growth, the analyst tells investors in a research note. Carrier’s framework also implies healthy market share gains across regions/segments, though this could be a challenge given formidable HVAC OEM peers, the firm adds.

Confident Investing Starts Here:

Easily unpack a company's performance  with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox  with TipRanks' Smart Value Newsletter

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See the top stocks recommended by analysts >>

Read More on CARR:

Disclaimer & DisclosureReport an Issue

Carrier Global price target raised to $83 from $73 at BofA Cautious Optimism: Evaluating Carrier Global’s Ambitious Growth Targets Amid Market Skepticism Carrier Global: Hold Rating Amid Balanced Growth Projections and Market Challenges Unusually active option classes on open May 20th Carrier Global price target raised to $87 from $86 at RBC Capital