Mizuho raises Carrier PT on expected HVAC growth

Carrier Global

16/05/2025 14:42

** Mizuho raises PT on Carrier Global CARR.N to $88 from $80, upside of 19.8% to stock's last close; rating unchanged at 'outperform'

** Shares are up 2% at $75, in early trading

** Brokerage says heating, ventilation and air-conditioning segment (HVAC) likely to witness strong growth due to resilient U.S. residential demand

** Adds residential and light commercial segment should present attractive profit going forward

** Mizuho says data center business outlook is robust, helping vertical revenue to double near-term $1 bln

** Sixteen of 25 brokerages rate stock "buy" or higher, nine "hold"; their median PT is $80 - LSEG data

** Including session's moves, shares up 9.4% YTD

 (Reporting by Apratim Sarkar)

 ((Apratim.Sarkar@thomsonreuters.com))