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Stock impact report

Wells Fargo and JPMorgan Cut Carrier (CARR) Price Targets After Weak Q3 [Yahoo! Finance]

Carrier Global Corporation (CARR) 
Company Research Source: Yahoo! Finance
Wells Fargo and JPMorgan Cut Carrier (CARR) Price Targets After Weak Q3 On? November 7, Wells Fargo lowered its pric?e targ?et on Carrier Global Corporation (NYSE:CARR) to $62 from $70 and repeated its Hold rating on t?he stock. For the third q?uarter of 2025, Carrier Global Corporation (NYSE:CARR) report?ed sale?s of? $5.6 billion, a d?eclin?e of 7% from the previous year?, including a 4% drop in organic? sales. The? company expec?ts full-?yea?r 2025 revenue to be? close to $22 bill?i?o?n. Management a?dded? tha?t the revis?ed outlo?ok now includes an e?stimated $750 millio?n revenue headwind related to the CCR exit?, which represents a change from earlier guidance. Earlier, on October 31, JPMorgan also cut its pri?ce target on Carrier Glob?al to $6?0? from? $61 while main?tai?nin?g a Neutral? ra?ting. T?he firm sa?id the c?ompany's Q3 result “was fundamentally? as bad as advert?ised” and pointed to? a softer exit rate that suggests p?otential downsid?e to 2026 estimates. Ca Show less Read more
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