TD Cowen analyst Gautam Khanna raised the firm’s price target on Carpenter Technology (CRS) to $305 from $230 and keeps a Buy rating on the shares. Carpenter Technology is a well-managed aerospace original equipment supplier with extended lead time and backlog, pricing power, low relative valuation, and above-peer EPS growth in a structurally attractive niche, the analyst tells investors in a research note.
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Read More on CRS:
- Carpenter Technology price target raised to $300 from $250 at Benchmark
- Carpenter Technology price target raised to $275 from $255 at BTIG
- 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