Carrier Global (NYSE:CARR) Price Target Cut to $65.00 by Analysts at Wells Fargo & Company

Carrier Global (NYSE:CARR) had its price objective cut by analysts at Wells Fargo & Company from $67.00 to $65.00 in a report issued on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price points to a potential upside of 22.07% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Citigroup increased their price target on shares of Carrier Global from $79.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, July 13th. JPMorgan Chase & Co. assumed coverage on Carrier Global in a report on Friday, October 9th. They set a “neutral” rating and a $61.00 target price on the stock. BNP Paribas Exane lowered their target price on shares of Carrier Global from $68.00 to $60.00 and set a “neutral” rating for the company in a report on Friday. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Carrier Global from $71.00 to $64.00 and set a “hold” rating for the company in a research note on Wednesday, September 30th. Finally, Mizuho cut their price target on Carrier Global from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, October 15th. Eleven analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $70.10.

Carrier Global Price Performance

Carrier Global stock traded down $2.29 during midday trading on Friday, hitting $53.25. 4,382,653 shares of the company’s stock were exchanged, compared to its average volume of 6,703,897. Carrier Global has a 52-week low of $50.24 and a 52-week high of $76.76. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 1.02. The company has a market cap of $43.89 billion, a P/E ratio of 37.01, a PEG ratio of 1.92 and a beta of 1.29. The stock has a 50-day moving average price of $56.50 and a two-hundred day moving average price of $61.72.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Thursday, October 29th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.11. The firm had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.09 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%. The company’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 earnings per share. On average, equities research analysts forecast that Carrier Global will post 2.87 earnings per share for the current year.

Institutional Trading of Carrier Global

A number of hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp acquired a new position in Carrier Global during the 2nd quarter valued at about $590,759,000. Bank of America Corp DE purchased a new stake in Carrier Global in the second quarter valued at about $572,908,000. Dimensional Fund Advisors LP boosted its holdings in Carrier Global by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 6,291,311 shares of the company’s stock worth $354,188,000 after acquiring an additional 246,723 shares in the last quarter. Legal & General Group Plc acquired a new stake in Carrier Global in the second quarter worth about $322,366,000. Finally, Primecap Management Co. CA purchased a new stake in shares of Carrier Global during the second quarter worth about $283,585,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global News Roundup

Here are the key news stories impacting Carrier Global this week:

• Positive Sentiment: Third-quarter results exceeded expectations: adjusted EPS was $0.87 versus the $0.76 consensus, while revenue increased 12% year over year to $6.26 billion, topping the $6.09 billion estimate. Carrier Reports Third Quarter 2026 Results
• Positive Sentiment: Demand indicators were strong, with total orders up approximately 35%, commercial HVAC orders up about 60% and data-center orders surging roughly 300%. Carrier also reported a record backlog above $8.5 billion and signed long-term agreements with multibillion-dollar minimum volume commitments. Carrier Global Q3 2026 Earnings Call Highlights
• Positive Sentiment: Management raised its full-year 2026 sales outlook, supported by HVAC demand, backlog growth and tariff refunds. Operating cash flow was $813 million, free cash flow was $674 million, and approximately $600 million was returned to shareholders through dividends and repurchases. Carrier Global Q3 Adjusted Profit, Sales Rise
• Neutral Sentiment: Royal Bank of Canada lowered its price target from $72 to $70 but maintained an “outperform” rating, implying substantial potential upside from recent trading levels. Royal Bank of Canada Carrier Ratings
• Negative Sentiment: BNP Paribas Exane cut its target from $68 to $60 and assigned a “neutral” rating, signaling less confidence in near-term appreciation despite the target remaining above the current share price. BNP Paribas Exane Carrier Ratings
• Negative Sentiment: GAAP EPS was negative $3.16 because of a goodwill impairment charge. Although the adjusted result was profitable, the charge may be weighing on sentiment and highlighting execution or asset-valuation concerns. Carrier Goodwill Impairment Charge
• Negative Sentiment: Put-option volume was approximately 189% above normal, indicating increased bearish hedging or speculation around the shares.

About Carrier Global

Carrier Global Corporation (NYSE:CARR) is a global provider of intelligent climate and energy solutions. The company develops and manufactures heating, ventilation and air-conditioning (HVAC) systems, refrigeration equipment, building automation technologies and related controls and services for residential, commercial and industrial customers.

Its offerings include air conditioners, heat pumps, furnaces, boilers, chillers, ventilation systems, refrigeration systems and building management solutions.