🏢 Bullish Outlook on Carrier Global Corporation (CARR) 📈🔍 Analysis:
Strategic Focus: Carrier Global Corporation (CARR) is concentrating on its core operations by divesting its Commercial Refrigeration and Fire & Security businesses after acquiring Viessmann. This move aims to expand its presence in food retail refrigeration.
Asset Optimization: Carrier sold its Industrial Fire division to Sentinel Capital Partners for $1.43 billion, enabling it to focus on its core heating and cooling equipment businesses and strengthen its balance sheet capacity.
Funding for Growth: Recent private offerings of USD and euro-denominated notes, totaling $3 billion and €2.35 billion respectively, provide funding for future growth initiatives, enhancing CARR's financial flexibility.
💼 Trade Plan:
Entry: Consider entry above the $50.00-$51.00 range, signaling bullish sentiment and potential for growth driven by strategic optimization.
Upside Target: Aim for profits in the range of $74.00-$76.00, reflecting confidence in Carrier's strategic moves and growth potential.
Risk Management: Implement stop-loss measures to manage downside risk and protect profits in case of adverse market movements.
📊 Note: Stay updated on Carrier's divestiture and acquisition activities, as well as industry trends impacting its core operations, for informed trading decisions. #CARR #Bullish 📈🏢
Stocktrading
AAIC.N0000Next Resistance level - 75
Support level 64
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