Carrier Global Corporation (CARR) Struggling Under Multiple Downward Target Price Adjustments

Carrier Global Corporation (NYSE:CARR) is one of the 10 Data Center Cooling Companies to Invest In. Wolfe Research maintained its Outperform rating on the stock on December 9 but slightly lowered the price target from $75 to $74. This downward target price adjustment was part of the Research firm’s 2026 outlook for the multi-industry group. Although 2025 was a tough year for the sector, the firm anticipates moderate growth in 2026. Revenue momentum in the second half of 2025 is driving the analysts’ optimism. Rate cuts are also supporting the analysts’ sentiment.

Carrier Global Corporation (NYSE:CARR) issued a negative pre-announcement of its Q4 2025 earnings, which led to a downward target price adjustment by RBC Capital. On December 5, analysts at RBC Capital maintained an Outperform rating on the stock while lowering the target price from $75 to $70. Management said that the weak earnings are a result of the ongoing slowdown in its Americas residential HVAC segment. This segment alone makes up about 50% of CARR’s revenues. Following the company’s updated earnings outlook, RBC Capital also lowered its 2025 and 2026 estimates by 2% and 7%, respectively.

On December 4, an analyst at Wells Fargo also presented a similar stance on the stock. Analyst Joe O’Dea cut the price target for Carrier Global Corporation from $62.00 to $59.00 while maintaining an Equal Weight rating.

Carrier Global Corporation (NYSE:CARR) operates as an intelligent climate and energy solutions provider. It focuses on offering unique, digitally-enabled lifecycle solutions. The company operates through Refrigeration and Heating, Ventilating and Air Conditioning (HVAC) segments. It sells its products under different brand names, including Carrier, NORESCO, Carrier Transicold, Toshiba, Bryant, Day & Night, and Riello.

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Disclosure: None. This article is originally published at Insider Monkey.