Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Akanksha Bakshi

JPMorgan Sees Sharp Upside In Carpenter Technology

JPMorgan CRS NYSE
  • JPMorgan analyst Michael Glick upgraded Carpenter Technology Corp (NYSE:CRS) to Overweight from Neutral and raised the price target to $53 (an upside of 59.5%) from $52.
  • Glick mentions that with growing signs of an inflection point in the company's key end market, aerospace, the stock's underperformance since the beginning of 2020 is likely to change in the coming months.
  • The analyst says his conviction in Carpenter has grown, driven by the Q4 earnings season and the company framing its potential earnings opportunity at a conference earlier this week.
  • Multiple data points print for the broader aerospace supply chain suggest Carpenter's key end market is inflecting, which should bode well for the trajectory of the company's margins, notes Glick.
  • Price Action: CRS shares closed higher by 5.84% at $33.19 on Thursday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Corey Taylor on the reactions to Dave Grohl's recent baby announcement: "If that’s the one thing that defines him, then what are we doing?"
Dave Grohl has made headlines for fathering a baby outside of marriage, and Corey Taylor has some thoughts on the whole thing
Metal Hammer
Metal Hammer
Supermassive black hole jets mysteriously ignite nova explosions, Hubble Telescope finds
Hubble Space Telescope observations suggest supermassive black hole jets double the frequency of nova explosions. But how?
Space
Space
Viral Photo Claims to Show College Student Chilling Out in Flooded Dorm After Hurricane Helene
The photo claiming to picture an Appalachian State University student has received more than 79,000 upvotes and thousands of comments.
Latin Times
Latin Times
“I would show him the lick. He's like, ‘Why don't you just play it? You sound just like me, anyway!’” Dweezil Zappa says he recorded Eddie Van Halen playing a “greatest hits guitar solo” at 5150 for an unreleased project – and had to give EVH pointers
The session was the result of an unreleased ‘audio movie’ concept of Zappa’s in which he envisioned solo contributions from Brian May and Angus Young
Guitar World
Guitar World
“I didn’t tell anybody when I started playing the guitar. Then I entered a talent contest and I played The Star-Spangled Banner with my teeth – and I won”: Why Steve Vai kept his guitar playing a secret when he first started
Vai didn't tell anyone when he began learning the guitar, but eventually announced his new-found fretboard abilities in quite spectacular style
Guitar World
Guitar World
Netflix fails to get Baby Reindeer lawsuit thrown out
Fiona Harvey is suing streaming giant over the portrayal of a stalker character in hit show
Evening Standard
Evening Standard
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play