5 Best Infrastructure Stocks According to Reddit

1. Carrier Global Corporation (NYSE: CARR)

Number of Hedge Fund Holders: 46

Carrier Global Corporation (NYSE: CARR) is ranked first on our list of 10 best infrastructure stocks according to Reddit. The company provides heating, ventilating, refrigeration, fire, security, and building automation services. It operates from Florida. 

On August 13, investment advisory Citi reinstated coverage of Carrier Global Corporation (NYSE: CARR) stock with a Neutral rating and a price target of $58, noting the “strong” second quarter results and improved guidance numbers posted by the company earlier. 

Out of the hedge funds being tracked by Insider Monkey, Wyoming-based firm Southport Management is a leading shareholder in Carrier Global Corporation (NYSE: CARR) with 25,000 shares worth more than $1.2 million. 

In its Q4 2020 investor letter, Davis Funds, an asset management firm, highlighted a few stocks and Carrier Global Corporation (NYSE: CARR) was one of them. Here is what the fund said:

“Resilient cyclicals such as Carrier Global have since rebounded, while at first negatively impacted by the recession, as U.S. GDP fell by 9% year-over-year in the second quarter of 2020, and some even have benefited from certain aspects of the pandemic world. Carrier, the leader in heating and ventilation systems, for example, has seen demand for home and workplace air filters rise.”

You can also take a peek at 10 Best Stocks to Buy According to Billionaire Ken Fisher and 10 Best Stocks to Buy for the Next Ten Years.

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