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Carpenter Technology price target raised to $305 from $230 at TD Cowen

TD Cowen analyst Gautam Khanna raised the firm’s price target on Carpenter Technology (CRS) to $305 from $230 and keeps a Buy rating on the shares. Carpenter Technology is a well-managed aerospace original equipment supplier with extended lead time and backlog, pricing power, low relative valuation, and above-peer EPS growth in a structurally attractive niche, the analyst tells investors in a research note.

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