Carpenter Technology shares rise 5.24% intraday after hitting record high and analyst upgrades.

Carpenter Technology surged 5.24% intraday after reporting Q2 FY2026 earnings of $2.33 per share, exceeding estimates of $2.20. The stock hit an all-time high of $356.19 and climbed further to $362.29, driven by strong market confidence in its 84.04% 1-year total return and a "Strong Buy" analyst consensus. Despite a pre-market decline linked to revised operating income guidance, the intraday rally aligned with a JPMorgan Chase price target hike to $394.00 and institutional buying activity, including stakes from Wesbanco Bank and Duality Advisers. The company’s resilient performance, 56-year dividend streak, and low PEG ratio of 0.63 further reinforced investor optimism.