BUZZ-Carrier Global rises after Mizuho upgrades rating

Air conditioner maker Carrier Global's shares CARR.N rise 1.3% to $64.50 premarket

Mizuho upgrades rating to "outperfrom" from "neutral", maintains PT of $78

Says CARR shares trade at discount to its heating, ventilation and air conditioning (HVAC) peers, despite strong free cash flow generation and growth algorithm

Sees 2025 as transition year with CARR's data center business outlook remaining robust and pricing in residential HVAC business ramping up

Also sees significant improvement in transport refrigeration business for trucks & trailers next year and thereafter

12 brokerages rate the stock "buy" or higher, 12 "hold" and 1 "sell"; their median PT is $80 - LSEG compiled data

In 2024, stock had risen 18.8%