Carrier Announces Agreement to Sell its Chubb Fire & Security Business to APi Group Corporation

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Carrier Global (CARR) PT Raised to $58 at Cowen on Chubb Divestment

July 27, 2021 9:37 AM EDT

Cowen analyst Gautam Khanna raised the price target on Carrier Global (NYSE: CARR) to $58.00 (from $49.00) while maintaining an Outperform rating.

The analyst commented, "The planned Chubb divestment upgrades CARR's portfolio quality and enhances the balance sheet, although it appears to be modestly... More