Carrier Global rises after Mizuho upgrades rating

Carrier Global

14/02/2025 12:25

** Air conditioner maker Carrier Global's shares  CARR.N 
rise 1.3% to $64.50 premarket
    ** Mizuho upgrades rating to "outperfrom" from "neutral",
maintains PT of $78
    ** Says CARR shares trade at discount to its heating,
ventilation and air conditioning (HVAC) peers, despite strong
free cash flow generation and growth algorithm
    ** Sees 2025 as transition year with CARR's data center
business outlook remaining robust and pricing in residential
HVAC business ramping up 
    ** Also sees significant improvement in transport
refrigeration business for trucks & trailers next year and
thereafter
    ** 12 brokerages rate the stock "buy" or higher, 12 "hold"
and 1 "sell"; their median PT is $80 - LSEG compiled data
    ** In 2024, stock had risen 18.8%

 (Reporting by Aatreyee Dasgupta)
 ((Aatreyee.Dasgupta@thomsonreuters.com))