10 Best Stocks to Buy for the Next Decade

8. Carpenter Technology Corporation (NYSE:CRS)

On April 8, 2026, KeyBanc raised its price target on Carpenter Technology Corporation (NYSE:CRS) to $453 from $380 and maintained an Overweight rating. The firm cited findings from its proprietary Q1 Plane Chain survey, which indicated a meaningful step-up in OEM order activity as aerospace production recovery gains momentum. KeyBanc noted that supplier inventories are beginning to restock to support ongoing production ramps, while tight conditions in the aerospace and defense aftermarket are extending fleet life. The firm added that geopolitical tensions, including the Iran conflict, are supporting defense demand, though elevated fuel costs remain a key risk, potentially pressuring air travel demand and pushing airlines toward lower-cost alternatives.

Last month, Wells Fargo initiated coverage of Carpenter Technology with an Equal Weight rating and a $400 price target, warning that pricing gains may moderate due to increased capacity and a higher mix of fixed-price contracts, which could limit upside to future guidance.

Meanwhile, Susquehanna analyst Charles Minervino initiated coverage with a Positive rating and a $470 price target, highlighting Carpenter’s role as a supplier of specialized alloys into what it described as a “thriving” aerospace and defense market. The firm pointed to strong order activity, rising commercial aircraft production rates, and growing demand for advanced metallurgy, particularly in defense applications. Susquehanna also emphasized Carpenter’s solid balance sheet and liquidity position, which it believes support continued investment in growth, dividend increases, and share repurchases.

Carpenter Technology Corporation (NYSE:CRS) manufactures specialty metals and alloys for industrial applications worldwide.