** Air conditioner maker Carrier Global's shares CARR.N rise 1.3% to $64.50 premarket

** Mizuho upgrades rating to "outperfrom" from "neutral", maintains PT of $78

** Says CARR shares trade at discount to its heating, ventilation and air conditioning $(HVAC)$ peers, despite strong free cash flow generation and growth algorithm

** Sees 2025 as transition year with CARR's data center business outlook remaining robust and pricing in residential HVAC business ramping up

** Also sees significant improvement in transport refrigeration business for trucks & trailers next year and thereafter

** 12 brokerages rate the stock "buy" or higher, 12 "hold" and 1 "sell"; their median PT is $80 - LSEG compiled data

** In 2024, stock had risen 18.8%

(Reporting by Aatreyee Dasgupta)

((Aatreyee.Dasgupta@thomsonreuters.com))