Carpenter Technology benefits from the growth driver aerospace. Deutsche Bank raises price target to $375 (+34%)

Carpenter Technology (CRS) is a global leader in the manufacture of specialty alloys and high-performance materials, primarily used in aerospace, defense, medical, energy, industrial, and semiconductor applications. In the last quarter, the company signed two new long-term supply contracts and delivered innovative materials for upcoming engine generations to OEMs for testing. Particularly strong demand came from the aerospace segment, which generates 60% of revenue and achieved a revenue increase of 12% (compared to the previous quarter) and 18.4%...