TD Cowen cuts Carpenter Technology stock target to USD 500.00

Published on 10/17/2026 at 22:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results are due October 22, 2026. Carpenter Technology stock closed at USD 377.09 on October 16, 2026, down 0.91 percent versus the prior close.

Analyst target and upcoming results

TD Cowen cut its Carpenter Technology target from USD 650.00 to USD 500.00 on October 9, 2026.
Carpenter Technology is scheduled to report fiscal 2027 first-quarter results on October 22, 2026.
Carpenter Technology stock closed at USD 377.09 on October 16, 2026, down 0.91 percent versus the prior close.
The company had a market capitalization of USD 18.7 billion as of October 16, 2026.

CRS, US1442851036, Illustration mit AI erstellt.

TD Cowen cut its price target for Carpenter Technology (ISIN US1442851036) from USD 650.00 to USD 500.00 on October 9, 2026, while maintaining a Buy rating, according to MarketBeat. The revised target remains above the latest NYSE close. Carpenter Technology closed at USD 377.09 on October 16, 2026 at 4:10 p.m. ET, down 0.91 percent versus the prior close.

Results arrive October 22

Carpenter Technology is scheduled to report fiscal 2027 first-quarter results before the market opens on October 22, 2026. The company plans to discuss the quarter in a conference call at 10:00 a.m. ET, according to MyChesCo.

Target remains above the close

The USD 500.00 target stands 32.68 percent above the USD 377.09 closing price, using the same home-exchange currency. TD Cowen's cut followed other recent target reductions, including KeyBanc's move to USD 465.00 from USD 608.00 on October 8, 2026, as reported by MarketBeat.

Valuation and market size

Carpenter Technology had a market capitalization of USD 18.7 billion and a trailing price-to-earnings ratio of 35.85 as of October 16, 2026. Its 52-week range was USD 239.61 to USD 625.99, placing the closing price 39.76 percent below the high and 57.37 percent above the low.

Comparison with peers

Carpenter Technology (NYSE, USD): minus 0.91 percent, market capitalization USD 18.7 billion.

ATI (NYSE, USD): minus 1.97 percent, market capitalization USD 25.3 billion.

Hexcel (NYSE, USD): plus 0.40 percent, market capitalization USD 6.8 billion.

What comes next for the stock

The October 22 results will provide the next dated test for the specialty-metals producer after the latest target revisions. The company supplies high-performance alloy and engineered-material products for aerospace, defense, medical, energy and other demanding applications. Its investor-relations materials describe two main operating divisions, Specialty Alloys Operations and Performance Engineered Products.

Carpenter Technology stock was last at USD 377.09 on the NYSE on October 16, 2026 at 4:10 p.m. ET, down 0.91 percent versus the prior close.