BTIG analyst Andre Madrid raised the firm’s price target on Carpenter Technology (CRS) to $210 from $185 and keeps a Buy rating on the shares after hosting its management team in a non-deal roadshow. The firm sees the company materially benefiting from an “unprecedented” demand environment and also believes that tariffs are not a concern under the Trump administration, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CRS:
- Carpenter Technology to replace Carter’s in S&P 400 at open on 12/23
- Carter’s to replace Carpenter Technology in S&P 600 at open on 12/23
- Carpenter Technology to replace Carter’s in S&P 600 at open on 12/23
- Carpenter Technology management to meet virtually with Benchmark
- Carpenter Technology management to meet with BTIG