KeyBanc last night upgraded Carpenter Technology (CRS) to Overweight from Sector Weight with a $380 price target The firm expects strong pricing and cost control to “carry the day” in fiscal 2026. Carpenter is sees materially higher prices and has potential mix upside late in fiscal 2026, the analyst tells investors in a research note. KeyBanc believes this should provide the company the bandwidth to exceed EBIT expectations as B-737 and MAX growth resumes.
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