Carptenter Technology shares are trading higher after Benchmark maintained a Buy rating on the stock and raised its price target from $65 to $100.
Portfolio Pulse from Benzinga Newsdesk
Benchmark has maintained a Buy rating on Carpenter Technology's stock and increased its price target from $65 to $100. This has resulted in Carpenter Technology's shares trading higher.
September 13, 2023 | 2:15 pm
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POSITIVE IMPACT
Carpenter Technology's stock is trading higher after Benchmark maintained a Buy rating and raised its price target from $65 to $100.
The news of Benchmark maintaining a Buy rating and raising the price target for Carpenter Technology's stock is a positive signal for investors. This indicates that the analyst firm sees potential for the stock's price to increase, which has led to the stock trading higher. Therefore, in the short term, the stock price is likely to go up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100