Wells Fargo Initiates Coverage On Carrier Global with Overweight Rating, Announces Price Target of $67
Wells Fargo analyst Stephen Tusa initiates coverage on Carrier Global (NYSE:CARR) with a Overweight rating and announces Price Target of $67.
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A record heatwave is boosting interest in utility ETFs as rising power demand, grid modernization, climate adaptation drive long-term opportunities.
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Wells Fargo analyst Stephen Tusa initiates coverage on Carrier Global (NYSE:CARR) with a Overweight rating and announces Price Target of $67.
A member of Congress bought Berkshire Hathaway shares right before Q2 earnings and the stock hitting new 52-week highs.
Atlas Energy Solutions (AESI) stock jumped 19% after signing power equipment agreements with a top AI lab for data center expansion.
Friday’s regular session has two sectors higher and nine lower, with growth and cyclical sectors split across the top three positions. The leaders are separated rather than clustered, with Technology and Industrials
Caterpillar delivered one of its strongest quarters, with Q2 2026 revenue up 24% to $20.5 billion and a record $72 billion backlog driven by AI infrastructure demand. The company's EPS reached $7.77, and analysts project significant upside with an average price target of $975 versus the current $803 price. However, the trailing P/E ratio above 35 reflects elevated valuation, though justified by multiyear demand visibility and reduced cyclicality.