Recent news about Carrier Global Corporation (CARR) contains a mixed bag of positive and negative notes. Jim Cramer, a renowned financial commentator, has expressed positive sentiment about the company. There has been news on growth prospects amidst market challenges, and announcements of $1 billion investment to expand U.S. manufacturing footprint, boost R&D and workforce. Goldman Sachs and RBC Capital have notably raised price target for CARR indicating rising optimism amongst analysts. Substantial stock appreciation and strong results have been reported throughout the quarters.
Furthermore, CARR’s board of directors has appointed Amy Miles and significant positive remarks about the company's aggressive foray into data center cooling. CARR further indicated plans for annual 6%-8% organic sales growth in the medium-term outlook, paired with strategic acquisitions and restructuring.
However, there were a few reports indicating potential weak foundations of CARR’s earnings and the risks it faces from Trump tariffs. Nonetheless, CARR has publicised comprehensive strategy for growth and value creation, illustrating continuous strategic efforts.
Carrier Global Corporation CARR News Analytics from Thu, 25 Jul 2024 07:00:00 GMT to Sat, 24 May 2025 20:31:27 GMT - Rating 7 - Innovation 2 - Rumor 2
