Carrier Finalizes Acquisition of Guangdong Giwee Group, China-based HVAC Manufacturer
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'Carried On For Long Enough': Carrier (CARR) Dips as Wolfe Downgrades to Peer Perform
September 7, 2021 7:44 AM EDTWolfe analyst Nigel Coe downgraded shares of Carrier Global Corp. (NYSE: CARR) to Peer Perform from Outperform as he sees limited scope for further relative multiple expanses.
Coe initiated the coverage of CARR in April 2020 at Outperform, with shares returning about 380% since then.
Management has executed extremely well, demonstrating clear evidence of market share gains in residential and commercial markets, which we think could have sustainable tails. We also highlight solid margin execution and... More
