Carpenter Technology (CRS): Initiating Coverage With A Strong Buy; This Is Our New Top Pick

By Chris D. Olin Published on July 6, 2021 at 11:47 AM

We are initiating coverage on Carpenter Technology (CRS) with a Strong Buy investment rating and $50/share target price. Following a short period of trading weakness, we are comfortable with the lower entry point. The shares look undervalued today, especially after the consideration of better-than-expected survey results and backdrop of macroeconomic strength, rebounding channel sentiment, commodity nickel price inflation and enhanced commercial aero demand visibility. Market intelligence suggests the specialty materials group is at or near a summer inflection point which should be followed by a multi-year period of above-average top-line growth. Continue reading

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Allegheny Tech (ATI): Stainless and Premium Alloy Strength Sets Specialty Materials Group Apart From Metals Pack

By Chris D. Olin Published on June 18, 2021 at 10:04 AM

This is no time to panic! We are sticking with bullish investment ratings on certain names from the specialty materials group despite recent downward metals and mining trading pressure. Companies like Allegheny Technologies (ATI) and Haynes International (HAYN) should benefit from strengthening top-line drivers throughout 2H21 and CY22. Continue reading

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