Multiple Compression Weighs on Carpenter Technology (CRS) Following Period of Outperformance

Carillon Tower Advisers, an investment management company, released its third-quarter 2026 investor letter for the “Carillon Eagle Mid Cap Growth Fund”. The letter can be downloaded here. Mid-cap stocks pulled back in the third quarter of 2026 as the Russell Midcap Growth Index fell 5.84%, underperforming the Russell Midcap Value Index (-1.98%). Positive returns in energy, healthcare, and financials failed to offset severe double-digit drags across consumer, communication, utilities, and...