Carrier Gets Buy from Deutsche Bank on Potential By Investing.com

By Christiana Sciaudone

Investing.com — Carrier Global (NYSE:CARR) traded slightly higher after getting a buy from Deutsche Bank (DE:DBKGn).

Analyst Nicole DeBlase initiated coverage on the air conditioner maker with a price target of $53, StreetInsider reported. 

“Carrier ticks a lot of the boxes that investors care about right now,” DeBlase wrote in a note. Among them: Significant non-residential construction exposure and an improving balance sheet.

The company is also the cheapest HVAC stock that the firm covers and has attractive upside potential. 

Shares have more than doubled over the past 12 months.