CARR · NYSE
CARR · NYSE
53.53 USD
-2.01 (-3.63%)
No new catalyst: Carrier was down about 4.3%, deeper than the roughly 3.7% decline earlier today. Evercore cut its price target to $75 from $90 while maintaining Outperform, adding to the pressure from Carrier's European-demand goodwill impairment source; the S&P 500 and Nasdaq also sold off sharply as volatility rose. Trane and Johnson Controls fell alongside Carrier intraday, reinforcing the weak trading backdrop.
No new catalyst: Carrier was down about 4.3%, deeper than the roughly 3.7% decline earlier today. Evercore cut its price target to $75 from $90 while maintaining Outperform, adding to the pressure from Carrier's European-demand goodwill impairment source; the S&P 500 and Nasdaq also sold off sharply as volatility rose. Trane and Johnson Controls fell alongside Carrier intraday, reinforcing the weak trading backdrop.