Carpenter Technology Expected Stock Price to Rise to $573
High demand for the company's specialized alloys has contributed to Carpenter Technology reporting record operating income last quarter, Barrons' Todd Chanco writes in the publication's Stock Picks column. The company benefits from high barriers to entry, with aerospace and defense comprising 68% of revenue and growing 17% year over year, the report states, and the publication believes that pricing power can drive Carpenter stock to $573, corresponding to gains of about 42% from current levels.
