Carrier Global Corporation has embarked on numerous strategic maneuvers. Notably, the firm has recently divested $3 billion worth of its commercial and residential fire businesses to an affiliate of Lone Star Funds and sold its Global Access Solutions Business to Honeywell for $4.95 Billion. Proceeds from these sales are intended for stock buybacks. The firm also undertook large notes offerings, equating to €2.35 billion and $3.0 billion, supplementing its strong balance. In terms of its stock, CARR has outperformed competitors, Partly thanks to these strategic decisions, and experienced a substantial decrease in short interest. The target price has been edited upwards to $74.00, suggesting sustained confidence from investors. The company ended 2023 with strong results and projects an equally positive outlook for 2024. Nevertheless, surges in sales have understandably brought up questions concerning the future outlook and heightened stock uncertainty. Interestingly, Carrier has started to invest in innovative start-ups, such as Strategic Thermal Labs, aiming to develop advanced data center cooling technologies. This marks a shift into more sustainable and efficient air conditioning solutions.
Carrier Global Corporation CARR News Analytics from Thu, 30 Nov 2023 08:00:00 GMT to Sun, 18 Aug 2024 10:23:59 GMT -
Rating 8
- Innovation -2
- Information 7
- Rumor -5
