On June 10, Carrier Global rose 4.64% in regular trading, trading at $70.5/share, with trading volume of $351 million. The rally was driven by Morgan Stanley raising its target price on Carrier Global from $55 to $60 while maintaining an equal-weight rating.
According to FactSet data, the analyst consensus rating on Carrier Global is overweight, with an average target price of $76.47, suggesting further upside potential from current levels. Within the Building Products sector, Builders FirstSource led gains at 6.83%, Advanced Drainage rose 2.92%, and Trane Technologies gained 1.88%, reflecting broad sector strength.
Carrier Global is a global leader in intelligent climate and energy solutions, offering heating, cooling, and cold chain solutions for residential, commercial, and transportation applications through its Carrier, Viessmann, and Toshiba brands. The company operates across HVAC, Refrigeration, and Fire & Security segments, providing air conditioning, heating systems, transport refrigeration, and building automation technologies worldwide.
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