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ASX:GMD News 30 January 2026

Australia stock market today: ASX 200 slips as miners sink, RBA rate call looms

Australia stock market today: ASX 200 slips as miners sink, RBA rate call looms

Sydney, Jan 30, 2026, 21:55 AEDT — Market closed Australian shares closed lower on Friday as miners gave back early gains and slipped by the session’s end. The S&P/ASX 200 lost 58.4 points, or 0.65%, finishing at 8,869.1. Meanwhile, the All Ordinaries fell 0.78% to 9,164.8. The Australian dollar dropped to 70.02 U.S. cents from 70.87 late Thursday. (CommBank) The…

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  • BTIG Research Raises Carpenter Technology (CRS) Price Target to $375
    January 30, 2026, 9:30 AM EST. BTIG Research increased its price target for Carpenter Technology (NYSE:CRS) to $375, implying a potential upside of 20.93%. The brokerage maintains a buy rating on the stock. Other analysts also show optimism: JPMorgan raised its target to $388 with an overweight rating, Deutsche Bank set a $425 price target, and Jones Trading initiated coverage with a buy rating and a $400 target. Carpenter's latest quarterly earnings beat estimates with $2.33 EPS. Despite revenue missing forecasts, year-over-year growth stands at 7.5%. The stock closed at $310.10, with a market cap of $15.45 billion. Analyst consensus shows a moderate buy with an average target of $372.57 as Carpenter Technology continues to attract optimistic outlooks amid solid financial performance.
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