TD Cowen raised the firm’s price target on Carpenter Technology (CRS) to $340 from $305 and keeps a Buy rating on the shares. The firm said strong Q1 demand/pricing results and commentary should allay investor concerns about the sustainability of SAO segment margin expansion.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CRS:
- Carpenter Technology price target raised to $425 from $375 at Deutsche Bank
- Carpenter Technology Reports Record Quarterly Earnings
- Carpenter Technology Reports Record Earnings and Optimistic Outlook
- Carpenter Technology’s Strong Market Position and Promising Financial Outlook Justify Buy Rating
- Carpenter Technology rises 21.1%