BUZZ-Oppenheimer lifts PT for Carrier Global, Johnson Controls on HVAC sector strength

Reuters06-28

** Oppenheimer lifts PT of heating, ventilation, air conditioning (HVAC) products maker Carrier Global to $71 from $64

** Brokerage lifts PT on peer Johnson Controls to $76 from $70

** Sees HVAC sector strength on strong fundamental setup from sustained robustness in commercial market demand for the products

** Residential market demand normalizing on destocking ending, warmer weather, benefits from price increases - brokerage

** Oppenheimer cites "portfolio transformation initiatives" of the companies through mergers, acquisitions and divestitures, for raising PT

** YTD, JCI up 15%, CARR 10%

(Reporting by Aatreyee Dasgupta)

((Aatreyee.Dasgupta@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment