Carpenter Technology price target raised to $60 from $54 at TD Cowen

TD Cowen analyst Gautam Khanna raised the firm’s price target on Carpenter Technology to $60 from $54 and keeps an Outperform rating on the shares. The analyst believes investor awareness of the company’s stock will grow as EBIT inflects over the next 3 quarters and the investor day on May 16th showcases the portfolio/earnings power.