Carpenter Technology price target raised to $90 from $75 at TD Cowen

TD Cowen raised the firm’s price target on Carpenter Technology (CRS) to $90 from $75 and keeps a Buy rating on the shares. The analyst remains bullish on the commercial aftermarket, especially in light of Boeing’s (BA) production problems and called Carpenter Technology a rare, value-to-growth aero OE stock, with upside to 2025 Street EPS, extended visibility, and investor discovery potential as only three analysts cover it.