Carrier Global (CARR) Hit it Out of the Park, Says Jim Cramer

We recently published Jim Cramer Commented On Big Market Confusion & Discussed These 20 Stocks. Carrier Global Corporation (NYSE:CARR) is one of the stocks discussed by Jim Cramer.

Carrier Global Corporation (NYSE:CARR) is an HVAC, refrigeration, and security systems provider. Its shares are down by 5.5% over the past year and are up by 26.4% year-to-date. Evercore ISI and Barclays discussed the firm in April. Barclays reduced the share price target to $67 from $72 and kept an Overweight rating on the shares as part of its broader industry coverage. On the 13th, Evercore ISI initiated coverage to set a $75 share price target and an Outperform rating on Carrier Global Corporation (NYSE:CARR)’s stock. The firm’s markets were part of the analysis, as Evercore remarked that Carrier Global Corporation (NYSE:CARR) was exposed to several strong markets such as electrification, data centers, and aftermarket services. Following the earnings, Evercore raised the share price target to $85 and kept an Outperform rating on the stock.

“Dave Gitlin really did it, it was a nice upside surprise, including the fact that Europe has come back. The data center was remarkable, CARR. Data center really they hit it out of the park. HVAC is strong. This is the first upside surprise [inaudible] Dave has delivered.”

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