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Carrier Global Faces Price Cuts Amid Earnings Challenges

10/19/2025

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Summary

Story summary

Carrier Global Corporation (NYSE: CARR) faced price-target cuts after JPMorgan lowered its target from $76.00 to $61.00.
The company reported quarterly earnings per share of $0.92, slightly above expectations.
Revenue growth has lagged industry benchmarks for two years due to declining organic growth and deteriorating cash flow margins.
Because macroeconomic headwinds weigh on housing, Carrier's valuation appears vulnerable and signals downside risk for investors, with a forward P/E of 20.2x.

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Story summary

Carrier Global Corporation (NYSE: CARR) faced price-target cuts after JPMorgan lowered its target from $76.00 to $61.00.
The company reported quarterly earnings per share of $0.92, slightly above expectations.
Revenue growth has lagged industry benchmarks for two years due to declining organic growth and deteriorating cash flow margins.
Because macroeconomic headwinds weigh on housing, Carrier's valuation appears vulnerable and signals downside risk for investors, with a forward P/E of 20.2x.