BTIG analyst Andre Madrid raised the firm’s price target on Carpenter Technology (CRS) to $245 from $230 and keeps a Buy rating on the shares. The company’s long-term outlook came in above expectations across the board with expected adjusted operating income of $765M-800M in FY27 implying a 25% CAGR, and the firm looks favorably upon this growth trajectory, especially when considering that it factors in conservative OEM build rates that are below current OEM expectations, the analyst tells investors in a research note.
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Read More on CRS:
- Carpenter Technology Announces $400M Share Repurchase Plan
- Carpenter Technology sees fiscal 2026 income ‘materially higher’ than 2025
- Carpenter Technology says fiscal 2027 ‘is not the peak’
- Carpenter Technology sees $1B adjusted free cash flow fiscal 2025-2027
- Carpenter Technology sees annual earnings growth of 25% for two years
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