Evercore ISI Group maintains Carrier Global at Outperform, lowers price target to $75 from $90

What happened

Evercore ISI Group kept its Outperform rating on Carrier Global but cut its price target to $75 from $90, a 16.7% decrease. The new target implies 35.0% upside from the October 29 close of $55.54.

Confirmed

Global impact / market context

An Outperform rating signals the analyst still expects Carrier to beat the broader market, but a lower target means less expected gain. Long-term holders get a smaller projected reward while the buy recommendation stays intact.

Analyst inference

Other recent analyst targets for Carrier ranged from $61 to $72, below Evercore's new $75. That gap suggests Evercore remains more optimistic than peers, even after trimming its own expectation.

Analyst inference

What to watch

1. Evercore's $75 target sits above the $61 to $72 range from five other recent analyst notes, so watch whether peers raise targets toward it or Evercore cuts again. Confirmed
2. Watch Carrier's coming earnings and capital spending, which means money put into long-term assets, for signs that support the analyst's Outperform view or justify further target cuts. Analyst inference
3. Investors should compare any new analyst notes on Carrier and avoid treating ratings or price targets as personal investment advice, since the article says this data is not a recommendation. Proposed

Evidence

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