Tax cuts and rebates in the tax and climate bill passed by the U.S. Congress will help drive sales, Morgan Stanley said, and on Thursday raised earnings estimates and price targets for heating and cooling system makers. It is understood that the Inflation Reduction Act approved by U.S. President Joe Biden last month incentivized the largest investment in energy-saving products in U.S. history. The bill allocates $21 billion for tax rebates and federal tax breaks to be used in the next 10 years. Improve people's housing energy efficiency within the year. Morgan Stanley analyst Joshua Pokrzywinski said in a note that the biggest top-line growth for equipment makers will come from...
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