Carpenter Technology (CRS) Tops Q4 EPS by 31c, provides outlook

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Carpenter Technology (CRS) PT Raised to $175 at Benchmark

July 26, 2024 7:47 AM EDT

Benchmark analyst Josh Sullivan raised the price target on Carpenter Technology (NYSE: CRS) to $175.00 (from $140.00) while maintaining a Buy rating.

The analyst comments "We are increasing our CRS PT to $175 (14.6x FY25 [Jun]) EV/EBITDA from $140. We made CRS a top-pick this year given the fungibility of its alloy products yet broad... More