TD Cowen analyst Gautam Khanna maintained a Buy rating on Carpenter Technology today and set a price target of $340.00.
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Gautam Khanna has given his Buy rating due to a combination of factors that highlight Carpenter Technology’s strong market position and promising financial outlook. The company has demonstrated robust demand and pricing power in its SAO segment, which has alleviated concerns about the sustainability of its margin expansion. Despite planned maintenance activities, the segment showed impressive performance, with significant year-over-year growth in sales and margins.
Furthermore, Carpenter Technology’s management has maintained its guidance for fiscal years 2026-2027, indicating confidence in achieving high-end targets. The company’s strategic moves, such as signing long-term agreements with higher prices and the ongoing Athens brownfield expansion, are on track and suggest a positive trajectory. Additionally, the reduction in the average duration of long-term agreements since COVID-19 allows for greater flexibility in adapting to market changes, further supporting the Buy rating.
In another report released today, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $275.00 price target.