Mizuho raises Carrier PT on expected HVAC growth

ReutersMay 16, 2025 1:42 PM

Mizuho raises PT on Carrier Global CARR.N to $88 from $80, upside of 19.8% to stock's last close; rating unchanged at 'outperform'

Shares are up 2% at $75, in early trading

Brokerage says heating, ventilation and air-conditioning segment (HVAC) likely to witness strong growth due to resilient U.S. residential demand

Adds residential and light commercial segment should present attractive profit going forward

Mizuho says data center business outlook is robust, helping vertical revenue to double near-term $1 bln

Sixteen of 25 brokerages rate stock "buy" or higher, nine "hold"; their median PT is $80 - LSEG data

Including session's moves, shares up 9.4% YTD

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