BTIG raised the firm’s price target on Carpenter Technology (CRS) to $365 from $305 and keeps a Buy rating on the shares. The firm is positive on the company generating record profits in Q1 and notes that profitability has “plenty of room to run” as the supply chain is becoming increasingly confident in OEM production, the analyst tells investors in a research note.
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 $340 from $305 at TD Cowen
- 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