Carrier Global (CARR) Stock Forecast & Price Target

Carrier Global's HVAC segment experienced a robust organic sales increase of 6.0% year-over-year, driven by particularly strong performance in residential HVAC, which saw North America orders rise by 30%. The company's global commercial HVAC orders also reflected positive momentum, with a notable 15% increase, and a growing backlog that supports future revenue growth. Additionally, the substantial 85% rise in transport refrigeration orders highlights potential for continued demand, reinforcing a favorable outlook for the firm's financial performance and organic sales growth projections.

Carrier Global's recent financial performance indicates significant challenges, highlighted by a 4 cent per share operating miss and lower organic growth across its segments. The guidance reflects economic and political uncertainties in Europe, as well as stagnant market volumes, particularly in the refrigeration segment, which experienced a 6% organic decline. Furthermore, the divestiture of the fire and security and commercial refrigeration businesses, combined with the cautious outlook from the recently acquired Viessmann, adds to the concerns of changing demand dynamics and operational complexities, which may strain Carrier's overall financial health.