7/104 sources · 3 publishersUpdated Oct 14, 19:41 UTC
Goldman Sachs downgrades Carrier Global to Neutral and cuts price target to $61
Goldman Sachs analyst Joe Ritchie lowered Carrier Global’s rating from Buy to Neutral and reduced the price target from $74 to $61. The downgrade cites risk to incremental 2027 margins from a growing data‑center business and rapid capacity expansion. The firm’s 2027 EPS estimate is 3% below consensus. Carrier shares fell after the announcement.
Why it matters
The lower target and neutral rating may pressure Carrier’s stock price, as investors adjust expectations for margin performance. Goldman Sachs notes the margin risk could limit the company’s ability to achieve the >35% incremental margins consensus expects for 2027.
Key facts
- 1Goldman Sachs changed Carrier Global’s rating from Buy to Neutral. investing.com
- 2The price target was cut from $74 to $61. investing.com
- 3Analyst Joe Ritchie highlighted margin risk from the data‑center business mix and capacity ramp‑up. investing.com
- 4Goldman Sachs’ 2027 EPS estimate for Carrier is 3% below consensus expectations. investing.com
- 5Carrier shares fell 1.95% on the day of the downgrade. marketscreener.com
Open questions
- Current share price reported as $55.03, $53.72, and $53.96.
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.