Carpenter Technology price target raised to $450 from $375 at BTIG

BTIG raised the firm’s price target on Carpenter Technology (CRS) to $450 from $375 and keeps a Buy rating on the shares. The firm notes that structures demand continuing to surge as confidence in build rates grows, adding that the 5% sell-off in the stock price is an overreaction and recommending that investors buy shares on weakness, the analyst tells investors in a research note.