Carrier Global (NYSE:CARR) Given New $65.00 Price Target at Wells Fargo & Company

Posted by Francis Steltz on Oct 31st, 2026

Carrier Global (NYSE:CARR – Free Report) had its target price cut by Wells Fargo & Company from $67.00 to $65.00 in a report published on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other analysts have also commented on CARR. Weiss Ratings reissued a “hold (c)” rating on shares of Carrier Global in a research report on Friday, October 16th. Royal Bank Of Canada cut their price objective on shares of Carrier Global from $72.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday. Sanford C. Bernstein reduced their price objective on shares of Carrier Global from $78.00 to $64.00 and set a “market perform” rating for the company in a research note on Wednesday, October 7th. The Goldman Sachs Group lowered shares of Carrier Global from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $74.00 to $61.00 in a research note on Wednesday, October 14th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Carrier Global from $71.00 to $64.00 and set a “hold” rating for the company in a research report on Wednesday, September 30th. Eleven analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $69.54.

Read Our Latest Stock Report on CARR

Carrier Global Trading Down 3.8%

Shares of NYSE CARR opened at $53.45 on Friday. Carrier Global has a 1-year low of $50.24 and a 1-year high of $76.76. The business has a fifty day moving average price of $56.37 and a 200 day moving average price of $61.71. The stock has a market capitalization of $44.06 billion, a P/E ratio of 21.04, a price-to-earnings-growth ratio of 1.89 and a beta of 1.29. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.00 and a quick ratio of 0.72.

Carrier Global (NYSE:CARR – Get Free Report) last posted its earnings results on Thursday, October 29th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.11. Carrier Global had a positive return on equity of 16.99% and a negative net margin of 7.90%. The company had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.09 billion. During the same quarter in the previous year, the firm earned $0.67 earnings per share. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. Equities research analysts expect that Carrier Global will post 2.89 EPS for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 18th. Investors of record on Thursday, October 29th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.8%. The ex-dividend date is Thursday, October 29th. Carrier Global’s payout ratio is -43.24%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Rakuten Investment Management Inc. increased its holdings in shares of Carrier Global by 13.4% during the third quarter. Rakuten Investment Management Inc. now owns 142,964 shares of the company’s stock valued at $7,917,000 after acquiring an additional 16,925 shares in the last quarter. Markel Group Inc. raised its position in shares of Carrier Global by 2.1% in the 3rd quarter. Markel Group Inc. now owns 240,000 shares of the company’s stock valued at $13,166,000 after purchasing an additional 5,000 shares during the last quarter. Provenance Wealth Advisors LLC raised its position in shares of Carrier Global by 226.4% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 4,566 shares of the company’s stock valued at $250,000 after purchasing an additional 3,167 shares during the last quarter. Integrity Alliance LLC. boosted its stake in Carrier Global by 7.3% in the 3rd quarter. Integrity Alliance LLC. now owns 21,115 shares of the company’s stock worth $1,158,000 after purchasing an additional 1,441 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in Carrier Global by 5.5% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 101,289 shares of the company’s stock worth $5,557,000 after purchasing an additional 5,310 shares in the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Key Carrier Global News

Here are the key news stories impacting Carrier Global this week:

Positive Sentiment: Q3 results exceeded expectations: Carrier reported adjusted EPS of $0.87, above the $0.76 consensus estimate, while revenue increased 12.3% year over year to $6.26 billion, topping expectations of $6.09 billion. Carrier Reports Third Quarter 2026 Results
Positive Sentiment: Demand and backlog strengthened: Total orders rose approximately 35%, commercial HVAC orders increased about 60%, and data-center orders surged roughly 300%. Carrier also reported a record backlog exceeding $8.5 billion and signed long-term agreements worth multiple billions of dollars with minimum volume commitments. Carrier Global Q3 2026 Earnings Call Highlights
Positive Sentiment: Full-year sales outlook improved: Management updated its 2026 guidance for higher sales, supported by HVAC demand, the backlog and tariff refunds. Operating cash flow was $813 million and free cash flow was $674 million; the company returned approximately $600 million to shareholders through dividends and repurchases. Carrier Q3 Earnings and Sales Beat
Neutral Sentiment: Analysts remain broadly constructive, but targets were reduced: Citigroup cut its target to $71 while retaining a Buy rating; Wells Fargo lowered its target to $65 with an Overweight rating; RBC reduced its target to $70 with an Outperform rating; and BNP Paribas Exane cut its target to $60 while maintaining Neutral. The revisions still imply substantial potential upside, but signal more cautious valuation or earnings assumptions.
Negative Sentiment: GAAP results were affected by an impairment charge: Carrier reported a goodwill impairment for the quarter, contributing to GAAP EPS of negative $3.16 despite positive adjusted earnings. Cost pressures and the lower analyst targets may be weighing on investor sentiment.
Negative Sentiment: Bearish options activity increased: Traders purchased 18,275 put options, approximately 189% above typical daily put volume, indicating elevated demand for downside protection or speculative bearish positioning.

About Carrier Global

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Carrier Global Corporation (NYSE:CARR) is a global provider of intelligent climate and energy solutions. The company develops and manufactures heating, ventilation and air-conditioning (HVAC) systems, refrigeration equipment, building automation technologies and related controls and services for residential, commercial and industrial customers.

Its offerings include air conditioners, heat pumps, furnaces, boilers, chillers, ventilation systems, refrigeration systems and building management solutions.