Carrier Global (CARR) Declares $0.12 Quarterly Dividend; 1.1% Yield
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UPDATE: BofA Securities Starts Carrier Global (CARR) at Buy
April 19, 2021 6:55 AM EDT(Updated - April 19, 2021 7:02 AM EDT)
BofA Securities analyst Andrew Obin initiates coverage on Carrier Global (NYSE: CARR) with a Buy rating and a price target of $57.00.
The analyst comments "CARR shares are currently trading at 15x forward EV/EBITDA, a discount to... More
Carrier Global (CARR) to Acquire Guangdong Giwee Group, a China-based HVAC Manufacturer
April 19, 2021 6:31 AM EDTCarrier today announced that it has signed agreements to acquire Guangdong Giwee Group (Giwee Group) and its subsidiaries, including Guangdong Chigo Heating & Ventilation Equipment Co., Ltd. Giwee Group's proven strength in the VRF and light commercial market in China will expand Carrier's access to this growing, global market. The global market for VRF and light commercial HVAC equipment is expected to reach approximately $20B by 2025, growing at one of the highest rates in the HVAC segment. The acquisition will support Carrier's growth strategy of... More
