BTIG raised the firm’s price target on Carpenter Technology (CRS) to $255 from $245 and keeps a Buy rating on the shares. Boeing (BA) topped earnings estimates and maintained its production outlook, which is good news for the company and its materials suppliers, the analyst tells investors in a research note. Carpenter is among the names whose outlooks assume OEM production rates below Boeing forecast production levels, BTIG adds.
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Read More on CRS:
- Carpenter Technology’s Strong Performance and Strategic Management Justify Buy Rating with $230 Price Target
- Carpenter Technology Reports Record Earnings and Raises Guidance
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- Carpenter Technology Reports Record Profits in Q3 2025
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