Citi Maintains Hold Rating On CRS Following Investor Day

Citi attended Carpenter Technology Corp's CRS investor day last week in New York, “where senior management provided an overview of the company assets, capabilities, and competitive position and strategy.” “Post the meeting, we continue to view CRS as one of the more attractive opportunities relative to other specialty metals producers but CRS shares are already discounting management's near-term profit target, maintaining Hold,” Citi writes. Carpenter Technology Corp closed Friday at $44.21.