- Carrier is still benefiting from strong demand for residential HVAC, and channel inventories remain low, but cost pressures are significant.
- Decelerating replacement demand in the U.S. residential market is an issue for the entire HVAC sector, though improving commercial and institutional new-build and retrofit will help some.
- Carrier is actively pursuing growth, including acquiring more VRF assets, investing in heat pump technologies, and building out digital offerings.
- Valuation is getting much more interesting, but sentiment could be a near-term challenge to share price outperformance.
For further details see:
Carrier Shares Getting More Interesting, But Sentiment Is A Bigger Threat