Category: Equity Intelligence
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Equity Intelligence: Carpenter Technology (CRS)
Carpenter Technology (NYSE: CRS) reported fiscal first-quarter results this morning, and the market’s verdict was swift: the stock fell about 20 percent to $294.64. Our verdict, after working through the print and the earnings call, is the opposite. The quarter reaffirms the thesis we laid out in our research, and on net it strengthens it.…