Analysts Cut Carrier Global Price Target Post Q4 Results

Analysts lower price target on Carrier Global Corp CARR after Q4 results
Wells Fargo analyst Joseph O'Dea lowered the price target to $50 (an upside of 5.3%) from $56 and maintained an Equal Weight rating on the shares.
The analyst mentions better-than-expected HVAC and Refrigeration revenue was offset by lower-than-expected margins, resulting in operating results in line with his expectations.
Related: Carrier Global Q4 Earnings Tops Street View, Provides FY22 Outlook
Mizuho analyst Brett Linzey lowered the price target to $50 (an upside of 5.3%) from $57 and maintained a Neutral rating on the shares.
Linzey states the company's Q4 was clouded by supply chain and inflation. The analyst cites the equity market de-rate, including the industrial stock complex, for the target drop.
Credit Suisse analyst John Walsh lowered the price target to $52 (an upside of 9.5%) from $56 and maintained a Neutral rating on the shares.
Also Read: Carrier Agrees To Acquire Toshiba's 55% Stake In TCC Joint Venture For ~$870M.
Price Action: CARR shares closed higher by 4.19% at $47.99 on Wednesday.