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Fly News Breaks for January 16, 2020
CRS
Jan 16, 2020 | 07:33 EDT
Benchmark analyst Josh Sullivan initiated coverage of Carpenter Technology with a Hold rating. The FY19 delay of the 737 MAX did not hit Carpenter "particularly hard," but given the FY20 737 MAX engine demand pull, the downdraft in raw nickel, and industrial, consumer, and energy markets bottoming out, Sullivan sees near-term hurdles, he tells investors.
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