SPR - CRS's Future Looks Bright: Analyst Forecasts Steady Earnings Growth And Margin Improvements For FY27 | Benzinga
Benchmark analyst Josh Sullivan reiterated a Buy rating on Carpenter Technology Corporation (NYSE: CRS), raising the price target to $100 from $65.
Airline demand for aircraft and engines is robust. Still, the fragility of the aerospace supply chain is causing significant disruptions, as Boeing Company (NYSE: BA), RTX Corporation (NYSE: RTX), Spirit Aerosystems Holdings, Inc. (NYSE: SPR), General Electric Company (NYSE: GE), Airbus SE (OTC: EADSY), etc., have recently experienced.
However, the analyst notes that CRS is leveraging an attractive layer within the aerospace supply chain that offers broad cycle exposure but limited platform-specific risk.
CRS is a prime example of a Golden Goose Zone requiring limited capex, broad platform exposure, and pricing power.
Further, given ...