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Argus Research Raises Carrier Global (CARR) Price Target on Valuation and Portfolio Alignment Opportunities
Argus Research upgraded its price target for Carrier Global (CARR) to $75 from $72, maintaining a Buy rating. This adjustment reflects the company’s valuation and strategic portfolio alignment, particularly its strong growth in data center orders and investment in liquid-cooling solutions for AI infrastructure. Carrier Global, a leader in intelligent climate solutions, saw a 500% increase in Q1 data center orders, contributing to a 35% jump in global Commercial HVAC orders.