Carrier Global Focus on Execution, Order Momentum Signal Positive Prospects, UBS Says

MT Newswires Live11-14

Carrier Global's (CARR) increased focus as a pure play heating, ventilation, and air conditioning company, following $8 billion divestitures, indicates positive growth prospects, according to UBS.

At the same time, order trends have improved, the firm said in a note sent Wednesday.

"Based on our assessment of order activity and a strong focus on execution, we see opportunity for positive revisions over the next 12 months, which drives our above consensus forecasts of over 20% [earnings per share] growth in 2025," UBS said.

Additional support from share buyback is likely, the firm said, projecting "meaningful" repurchases in the coming quarters following completion of the divestitures and debt repayments. UBS is looking at repurchases of more than 50 million shares over the next 12 months, equal to over 5% of the company's total share capital base.

UBS assumed Carrier coverage with a buy rating and a $94 price target.

Company shares were up nearly 2% in recent trading.

Price: 76.79, Change: +1.35, Percent Change: +1.79

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

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2483853534?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-14 02:29","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2483853534","market":"fut","top_or_hot":-1,"title":"Carrier Global Focus on Execution, Order Momentum Signal Positive Prospects, UBS Says","media":"MT Newswires Live","content":"<html><body><p> Carrier Global's (CARR) increased focus as a pure play heating, ventilation, and air conditioning company, following $8 billion divestitures, indicates positive growth prospects, according to UBS.</p><p>At the same time, order trends have improved, the firm said in a note sent Wednesday.</p><p>\"Based on our assessment of order activity and a strong focus on execution, we see opportunity for positive revisions over the next 12 months, which drives our above consensus forecasts of over 20% [earnings per share] growth in 2025,\" UBS said.</p><p>Additional support from share buyback is likely, the firm said, projecting \"meaningful\" repurchases in the coming quarters following completion of the divestitures and debt repayments. UBS is looking at repurchases of more than 50 million shares over the next 12 months, equal to over 5% of the company's total share capital base.</p><p>UBS assumed Carrier coverage with a buy rating and a $94 price target.</p><p>Company shares were up nearly 2% in recent trading.</p><p>Price: 76.79, Change: +1.35, Percent Change: +1.79</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Carrier Global Focus on Execution, Order Momentum Signal Positive Prospects, UBS Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCarrier Global Focus on Execution, Order Momentum Signal Positive Prospects, UBS Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-14 02:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Carrier Global's (CARR) increased focus as a pure play heating, ventilation, and air conditioning company, following $8 billion divestitures, indicates positive growth prospects, according to UBS.At ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CARR","symbol_name":"开利全球","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2483853534","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483853534","pubTimestamp":1731522548,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Carrier Global's  increased focus as a pure play heating, ventilation, and air conditioning company, following $8 billion divestitures, indicates positive growth prospects, according to UBS.At the same time, order trends have improved, the firm said in a note sent Wednesday.\"Based on our assessment of order activity and a strong focus on execution, we see opportunity for positive revisions over the next 12 months, which drives our above consensus forecasts of over 20% [earnings per share] growth in 2025,\" UBS said.Additional support from share buyback is likely, the firm said, projecting \"meaningful\" repurchases in the coming quarters following completion of the divestitures and debt repayments. UBS is looking at repurchases of more than 50 million shares over the next 12 months, equal to over 5% of the company's total share capital base.UBS assumed Carrier coverage with a buy rating and a $94 price target.Company shares were up nearly 2% in recent trading.Price: 76.79, Change: +1.35, ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CARR":"开利全球","LU1721428347.USD":"BNP PARIBAS CLIMATE IMPACT \"C\" (USD) ACC","BK4566":"资本集团","BK4588":"碎股","LU1721428933.USD":"法巴全球经典环境基金RH MD Dis","LU2477742899.HKD":"BNP PARIBAS CLIMATE IMPACT \"C\" (HKD) ACC","LU2506952337.HKD":"BNP PARIBAS CLIMATE IMPACT \"CRH\" (HKDHDG) ACC","LU2413666699.HKD":"BNP PARIBAS GLOBAL ENVIRONMENT \"CRH\" (HKDHDG) INC","LU0347712357.USD":"BNP PARIBAS GLOBAL ENVIRONMENT \"C\" (USD) ACC","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","BK4585":"ETF&股票定投概念","LU2413666426.HKD":"BNP PARIBAS GLOBAL ENVIRONMENT \"C\" (HKD) ACC","BK4086":"建筑产品","BK4533":"AQR资本管理(全球第二大对冲基金)","LU2506952410.USD":"BNP PARIBAS CLIMATE IMPACT \"CRH\" (USDHDG) ACC A"},"translate_title":"瑞银表示，运营商全球关注执行，订单势头预示着积极的前景","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CARR":0.9},"content_text":"Carrier Global's (CARR) increased focus as a pure play heating, ventilation, and air conditioning company, following $8 billion divestitures, indicates positive growth prospects, according to UBS.At the same time, order trends have improved, the firm said in a note sent Wednesday.\"Based on our assessment of order activity and a strong focus on execution, we see opportunity for positive revisions over the next 12 months, which drives our above consensus forecasts of over 20% [earnings per share] growth in 2025,\" UBS said.Additional support from share buyback is likely, the firm said, projecting \"meaningful\" repurchases in the coming quarters following completion of the divestitures and debt repayments. UBS is looking at repurchases of more than 50 million shares over the next 12 months, equal to over 5% of the company's total share capital base.UBS assumed Carrier coverage with a buy rating and a $94 price target.Company shares were up nearly 2% in recent trading.Price: 76.79, Change: +1.35, Percent Change: +1.79","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Business Data","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483853534"}