On June 3, Carrier Global rose 4.33% in regular trading, trading at $67.76/share, with trading volume of $239 million.

On the news front, Morgan Stanley recently raised its price target on Carrier Global from $55 to $60, maintaining an equal-weight rating. According to FactSet, analysts assign the stock an average overweight rating with a mean price target of $76.47, suggesting meaningful upside from current levels. The target price upgrade coincided with broad strength across the Building Products sector, with Johnson Controls up 5.87%, Modine Manufacturing up 5.27%, Lennox up 4.66%, AAON Inc up 3.54%, and Trane Technologies up 1.65%.

Carrier Global is a global leader in intelligent climate and energy solutions, offering heating, cooling, refrigeration, and cold chain products and services through brands including Carrier, Viessmann, Toshiba, and Automated Logic for residential, commercial, and transportation applications.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)