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Carpenter Technology price target raised to $275 from $255 at BTIG

BTIG raised the firm’s price target on Carpenter Technology (CRS) to $275 from $255 and keeps a Buy rating on the shares. The company may report shipment volumes, but its pounds sold is becoming increasingly less telling as its sales mix continues to improve, the analyst tells investors in a research note. Destocking is of little concern as demand remains robust, the firm added.

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