Carrier Global Corp. stock (US1442851009): Morgan Stanley lifts price target while New York shares ease

Carrier Global Corp. shares on the NYSE were modestly lower on 05/28/2026 even as Morgan Stanley raised its price target to USD 60 and maintained an Equal Weight stance, keeping the United States-based HVAC specialist in focus for investors.

Carrier Global Corp. shares in the United States traded slightly lower on the NYSE on 05/28/2026, even as a fresh analyst move from Morgan Stanley highlighted ongoing interest in the HVAC and refrigeration group headquartered in Palm Beach Gardens, Florida.

According to MarketBeat, the stock last changed hands at about USD 63.33 in intraday trading on 05/28/2026 on the New York Stock Exchange under the ticker CARR, down around 1.8% on the day, underscoring some near-term consolidation after a strong run in prior weeks.MarketBeat as of 05/28/2026

Morgan Stanley, one of the large U.S. investment banks, adjusted its view on the United States-listed stock by increasing its price target to USD 60 from USD 55 while reiterating an Equal Weight rating in a note published on 05/28/2026, as reported by MT Newswires via MarketScreener.MarketScreener / MT Newswires as of 05/28/2026

The update from Morgan Stanley comes as options data on Barchart show Carrier Global Corp. stock recently at USD 64.51 at the close on 05/27/2026 on the NYSE, suggesting that the new target sits modestly below recent trading levels and is broadly consistent with a neutral stance on the U.S. industrial name.Barchart as of 05/27/2026

For investors in Germany, the stock is also available via secondary trading venues such as Tradegate, where it is typically quoted in euros; this parallel listing structure offers European market participants an additional access point to the United States-based HVAC provider, although liquidity and spreads usually mirror the primary NYSE line.

The stock traded at USD 63.33 on 05/28/2026 on the New York Stock Exchange, according to MarketBeat, reflecting the latest available pricing for the United States listing after the Morgan Stanley note was digested by the market.MarketBeat as of 05/28/2026

As of: 05/29/2026

By the editorial team - specialized in equity coverage.

At a glance

• Name: Carrier Global
• Sector/industry: Building products - heating, ventilation, air conditioning and refrigeration
• Headquarters/country: Palm Beach Gardens, United States
• Core markets: North America, Europe and selected Asia-Pacific and Middle East regions
• Key revenue drivers: HVAC equipment and services, commercial refrigeration solutions and related aftermarket offerings
• Home exchange/listing venue: New York Stock Exchange (CARR)
• Trading currency: USD

Carrier Global Corp.: core business model

Carrier Global Corp. concentrates on designing and supplying HVAC and refrigeration systems along with associated services that generate revenue across residential, commercial and industrial customer segments worldwide.

Valuation metrics and multiples for Carrier Global Corp.

On the valuation side, MarketBeat data for 05/28/2026 indicate that the NYSE-listed shares of Carrier Global Corp. trade at a price of roughly USD 63.33, with the platform reporting that earnings are expected to grow from USD 2.80 per share to USD 3.14 per share over the coming year, implying double-digit projected EPS expansion for the U.S. building products group.MarketBeat as of 05/28/2026

Separately, MarketScreener, referencing MT Newswires on 05/28/2026, shows an average analyst target price of about USD 76.31 for Carrier Global Corp., which sits well above both the Morgan Stanley price objective of USD 60 and the recent close of USD 64.51 on 05/27/2026, highlighting that the consensus valuation for the U.S. HVAC specialist remains higher than the level implied by the latest Equal Weight stance.MarketScreener / MT Newswires as of 05/28/2026

Conclusion

The latest session for Carrier Global Corp. on the New York Stock Exchange shows a modest pullback in the share price, even as Morgan Stanley's 05/28/2026 move to lift its price target to USD 60 and maintain an Equal Weight rating keeps the United States-based HVAC company squarely on institutional radar. With consensus targets such as the roughly USD 76.31 average cited by MarketScreener still sitting above current trading levels, the valuation discussion around the U.S. industrial name remains active and hinges on the ability to deliver the EPS growth that platforms like MarketBeat project for the coming year.

Disclaimer: This article does not constitute investment advice. The comprehensive scope of this informative article was made possible through the use of a.i.. Stocks are volatile financial instruments.