Evercore ISI Initiates Coverage of Carrier Global (CARR) with Outperform

Carrier Global Corporation (NYSE:CARR) is one of the 7 Best Data Center Cooling Companies to Invest In.

On April 13, 2026, Evercore ISI initiated coverage of Carrier Global Corporation (NYSE:CARR) with an Outperform rating and a $75 price target. The firm highlighted the company’s portfolio transformation and exposure to secular growth markets such as electrification, data centers, and aftermarket services. Evercore said Carrier has a “clear pathway” to margin expansion and offers relatively inexpensive exposure to long-term growth trends.

Earlier in April, Barclays analyst Julian Mitchell lowered the price target on Carrier Global Corporation (NYSE:CARR) to $67 from $72 and maintained an Overweight rating as part of a broader Q1 preview across multi-industry companies. The firm said demand uncertainty remains across the sector, though expectations have become more balanced.

Last month, Carrier announced that Carrier Ventures made a strategic investment in Heat Geek, a U.K.-based startup focused on accelerating residential heat pump adoption across Europe. Heat Geek operates a digital platform that connects homeowners with certified installers and uses AI-powered tools to design efficient heat pump systems, while also supporting quoting, financing, grants, and installation.

Carrier Global Corporation (NYSE:CARR) provides heating, cooling, ventilation, and energy solutions for residential and commercial customers across global markets.

While we acknowledge the risk and potential of CARR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CARR and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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