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2025-09-17 18:57:07
[Target Price Lowered! Carrier Global faces severe challenges, and future recovery remains uncertain] ⑴ Oppenheimer lowered its target price for air conditioning manufacturer Carrier Global from $85 to $75, a 23% increase from the previous trading day's closing price, but reiterated its "Outperform" rating. The firm noted that weak US residential HVAC demand hurt Carrier's performance, prompting it to lower its outlook and cut costs, with future gains expected to come from tax savings and share buybacks. ⑵ Oppenheimer expects US residential HVAC demand to rebound in 2026 as refrigerant transition challenges ease, housing activity improves, and weather-driven demand continues, while restocking will also support sales recovery. As of last close, the stock had fallen 10.7% this year. ⑶ Data shows that of the 26 brokerages providing ratings, 15 rated the stock "Buy" or higher, while 11 rated it "Hold." The median PT (target price) is $76.
