Carpenter Technology (CRS) Tops Q4 EPS by 11c

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Cowen Cuts Price Target on Carpenter Technology (CRS) Following 4Q Results

July 31, 2015 9:02 AM EDT

Cowen reiterated a Market Perform rating on Carpenter Technology (NYSE: CRS), and cut the price target to $41.00 (from $46.00), following 4Q15 results. Q4 EPS ex items were $0.52 (ex $0.08 of 1x items), slightly above consensus.

Analyst Gautam Khanna commented, "CRS's ongoing cash/margin turnaround... More