Movement Alert|Carrier Global Rises 3.13% in Regular Trading, Morgan Stanley Raises Target Price Amid Building Products Sector Strength

Market Focus06-03

On June 3, Carrier Global rose 3.13% in regular trading, trading at $68.6/share, with trading volume of approximately $47.97 million.

On the news front, Morgan Stanley recently raised its price target on Carrier Global from $55 to $60, maintaining an equal-weight rating. According to FactSet, the consensus analyst rating on the stock is overweight, with a mean price target of $76.47, suggesting meaningful upside from current levels.

The move was further supported by broad-based strength in the Building Products sector. Among sector peers, Johnson Controls gained 3.64%, AAON Inc rose 3.37%, Trane Technologies PLC advanced 2.12%, and Modine Manufacturing added 1.96%, reflecting a strong sector linkage effect.

Carrier Global is a global leader in intelligent climate and energy solutions, providing heating, cooling, and cold chain solutions for residential, commercial, and transportation applications through brands including Carrier, Viessmann, and Toshiba. The company reported its most recent earnings on April 30, delivering EPS of $0.57 for Q1.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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