Oppenheimer Reiterates Perform Rating on Carrier Global (CARR)

Oppenheimer analyst Noah Kaye reiterated a Perform rating on Carrier Global (NYSE: CARR).

The analyst commented: "Shares traded up lsd Tuesday after CARR beat 3Q25 top-/bottom-line consensus while guiding 4Q and preliminary FY26 framework below the Street. Long-cycle CHVAC and aftermarket strategies continue to bear fruit, with capacity/backlog supporting multi-year growth runway. Actions to right-size field inventories and accelerate productivity (including 3K indirect headcount reductions) reflect management's efforts to recalibrate to lower FY25 US and EU R&LC demand, which sets up favorable comps for a potentially stronger 2026 rebound vs. preliminary framework. With recovery prospects likely more weighted to 2H26, we are watching for incremental actions to structurally improve margins, notably in EMEA. We lower 4Q/FY26 estimates and remain sidelined."

For an analyst ratings summary and ratings history on Carrier Global click here. For more ratings news on Carrier Global click here.

Shares of Carrier Global closed at $58.74 yesterday.

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