CRS - Carpenter Technology jumps 7% on upgrade to Outperform by Cowen

• Carpenter Technology ( NYSE: CRS ) upgraded to outperform from market perform with a $45 price target by Cowen analyst Gautam Khanna.
• Analyst elaborates that recent pullback in the shares provides an attractive entry point, sees accelerating earnings gains and a "catalyst-rich backdrop" with 787, 737 and A320 rate hikes as well as the investor day.
• Further mentions, lead times in "high margin" aero engine products are greater than 40 weeks.
• YTD the stock has gained about 27% and has a market cap $1.73B.
• Stock has a sell-side rating of Buy with 3.75 score and with an average price target of $49.33.
• Quant rating of Hold with 2.98 score and highest factor grades given to growth.
• Stock rises 7.3% .

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