Benchmark raised the firm’s price target on Carpenter Technology to $140 from $100 and keeps a Buy rating on the shares. The firm recently held investor meetings with CEO Tony Thene, CFO Tim Lain, and IR John Huyette, and argues that “it’s clear even the pulled forward long-term guidance is conservative,” so it contends that shares will continue to re-rate higher.
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Read More on CRS:
- Carpenter Technology management to meet virtually with Benchmark
- Carpenter Technology downgraded to Neutral from Buy at Northcoast
- Carpenter Technology price target raised to $116 from $90 at TD Cowen
- Carpenter Technology reports Q3 adjusted EPS $1.19, consensus 94c
- CRS Earnings this Week: How Will it Perform?
