On CNBC’s “Mad Money Lightning Round,” Jim Cramer recommended buying Carpenter Technology Corporation (NYSE:CRS), saying it is a “terrific” company and also has a great chart too. “I think I would buy some here and buy some if it comes down. But definitely add some right here,” he added.
Lending support to his choice, Susquehanna analyst Charles Minervino, on Thursday, maintained Carpenter Technology with a Positive and raised the price target from $495 to $680.
“I wish they could make some money,” Cramer said when asked about Lemonade, Inc. (NYSE:LMND). “That would make it into a better stock and a better company.”
Morgan Stanley analyst Bob Huang, on Wednesday, downgraded Lemonade from Overweight to Equal-Weight and maintained the price target of $75.
Cramer said he is not going to make a determination on Aurora Innovation, Inc. (NASDAQ:AUR) until he gets Chris Urmson [CEO of Aurora] on.
On the earnings front, Aurora Innovation will release second-quarter results after the closing bell on July 29.
When asked about Weyerhaeuser Company (NYSE:WY), he said, “If rates go up, this stock goes down, and people think rates are going higher.”
Cramer added: “If you think rates are ultimately going to go lower, you would start buying the stock right here. I’m more bullish on it than the rest of Wall Street.”
On June 29, JPMorgan analyst Hong Zhang maintained Weyerhaeuser with an Overweight rating and raised the price target from $30 to $31.
Price Action
- Lemonade shares fell 1% to settle at $70.33 on Thursday.
- Aurora Innovation shares gained 2.1% to close at $6.28.
- Weyerhaeuser shares rose 0.2% to settle at $22.50 on Thursday.
- Carpenter Technology shares gained 0.6% to close at $590.94.
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