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. >;elm:context_link;itc:0;sec:content-canvas" href="https://thefly.com/?utm_source=finance.yahoo.com&utm_medium=referral" rel="nofollow noopener" target="_blank">Try Now>>

>;elm:context_link;itc:0;sec:content-canvas" href="https://www.tipranks.com/screener/analysts-top-stocks/?type=stockAnalysisLanding&utm_source=finance.yahoo.com&utm_medium=referral" rel="nofollow noopener" target="_blank">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