Cowen & Co. Maintains Outperform Rating for Carpenter Tech: Here's What You Need To Know

Cowen & Co. has decided to maintain its Outperform rating of Carpenter Tech CRS and raise its price target from $50.00 to $54.00.

Shares of Carpenter Tech are trading up 6.08% over the last 24 hours, at $49.30 per share.

A move to $54.00 would account for a 9.52% increase from the current share price.

About Carpenter Tech

Carpenter Technology Corp supplies specialty metals to a variety of end markets, including aerospace and defense, industrial machinery and consumer durables, medical, and energy, among others. The company's segment includes Specialty Alloys Operations and Performance Engineered Products. It generates maximum revenue from Specialty Alloys Operations segment. The SAO segment is comprised of the company's major premium alloy and stainless steel manufacturing operations. This includes operations performed at mills primarily in Reading and Latrobe, Pennsylvania and surrounding areas as well as South Carolina and Alabama.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.