BTIG raised the firm’s price target on Carpenter Technology (CRS) to $275 from $255 and keeps a Buy rating on the shares. The company may report shipment volumes, but its pounds sold is becoming increasingly less telling as its sales mix continues to improve, the analyst tells investors in a research note. Destocking is of little concern as demand remains robust, the firm added.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CRS:
- Jefferies aerospace/defense analysts hold an analyst/industry conference call
- Carpenter Technology management to meet with BTIG
- Carpenter Technology price target raised to $230 from $200 at TD Cowen
- Carpenter Technology price target raised to $255 from $245 at BTIG
- Carpenter Technology’s Strong Performance and Strategic Management Justify Buy Rating with $230 Price Target