The fact that the GOP thinks McCormick is a good recruit is more telling than anything here. Nominating him against Casey is tantamount to surrendering this Senate seat entirely, as far as I am concerned.
Even stranger is McConnell treating him like the best pickup opportunity that isn't WV/OH/MT. AZ/NV aside, are they that bearish on Wisconsin or the Michigan open seat?
MI/WI haven't really had a moment like PA-2020, when you had nobody Republicans who essentially didn't run campaigns beating serious Democrats in a D+5 national environment by comfortable margins. If you think Oz/Mastriano were uniquely weak -- and they
were, although for different reasons* -- then maybe PA really
is the fourth likeliest pickup opportunity after the obvious ones. My guess would be NV, though.
Casey normally runs about 4 points ahead of whatever the Democratic baseline is -- he was 4 points ahead of Obama in 2012, and then 4 points ahead of House Democrats in 2018 -- but he's never been treated by Republicans as a frontline target, so you could always have a Bill Nelson moment. He's also never run with Trump on the ballot, and in general Republican challengers tend to out-perform Trump.
I continue to be generically skeptical of carpetbagging as an attack on candidates**, which I think very rarely works at all and which can
always be easily defused by veterans. I guess I haven't seen much of McCormick leaning into his Gulf War service, but he really
should be doing that. Also it's a risky line of attack for congressional incumbents, because it's basically always easy for a motivated person to find evidence that they actually live in Virginia whenever Congress is in session and then present that as "they've lost touch".***
*Mastriano in the general populist way which misunderstands what Republican voters care about, Oz in a much more unique way where he was one of the most hated Senate candidates of the last few cycles.
**If there is anywhere it works, though, then it's PA, which either has the largest percentage of residents born in-state or is second to WV. Notably WV Democrats have had some notable over-performances running against people obviously not from the state, but Republican primary voters have just absolutely never cared, anywhere -- which is interesting to me.
***Incidentally this worked for Casey against Santorum back in the day, so maybe Casey is particularly inclined to try this line of attack again. I really don't think it generally works, though.