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Analysts’ Opinions Are Mixed on These Industrial Goods Stocks: CH Robinson (CHRW) and Carpenter Technology (CRS)

Tipranks - Fri May 1, 6:20AM CDT

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on CH Robinson (CHRW) and Carpenter Technology (CRS).

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CH Robinson (CHRW)

In a report released today, Ravi Shanker from Morgan Stanley maintained a Sell rating on CH Robinson, with a price target of $90.00. The company’s shares closed last Wednesday at $186.43.

According to TipRanks.com, Shanker is a 1-star analyst with an average return of -0.2% and a 47.8% success rate. Shanker covers the Industrial Goods sector, focusing on stocks such as Sun Country Airlines Holdings, Allegiant Travel Company, and United Airlines Holdings. ;'>

CH Robinson has an analyst consensus of Moderate Buy, with a price target consensus of $192.20.

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Carpenter Technology (CRS)

BTIG analyst Andre Madrid reiterated a Buy rating on Carpenter Technology today and set a price target of $450.00. The company’s shares closed last Wednesday at $406.53.

According to TipRanks.com, Madrid is a 5-star analyst with an average return of 34.5% and a 71.3% success rate. Madrid covers the Industrial Goods sector, focusing on stocks such as BETA Technologies, Inc. Class A, Amentum Holdings, Inc., and StandardAero, Inc. ;'>

Currently, the analyst consensus on Carpenter Technology is a Strong Buy with an average price target of $448.00, implying a 3.3% upside from current levels. In a report issued on April 20, J.P. Morgan also maintained a Buy rating on the stock with a $465.00 price target.

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