TD Cowen analyst Gautam Khanna raised the firm’s price target on Carpenter Technology to $125 from $116 and keeps a Buy rating on the shares. The firm said it is an upstream aero OE supplier with extended lead times/backlog, pricing power, low relative valuation and an upward revision bias to 2025 Street EPS.
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Read More on CRS:
- Carpenter Technology price target raised to $140 from $100 at Benchmark
- 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