JPMorgan initiated coverage of Carrier Global Corp. with a Neutral rating and a $61-per-share price target. The bank cited the company’s attractive valuation but said uncertainty about its future earnings trajectory warrants caution. Its view balances the valuation against potential risks in the industrial and construction sectors.
Diversified Management Inc. acquired 42,945 shares in Carrier Global during the third quarter, establishing a new stake. The purchase was valued at approximately $2.36 million, indicating new institutional interest in the company.