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Crane downgraded to Hold from Buy at Stifel
The Fly

Crane downgraded to Hold from Buy at Stifel

Stifel analyst Nathan Jones downgraded Crane (CR) to Hold from Buy with an unchanged price target of $176. The firm downgraded five industrial names, saying the stocks at or near its target prices. The valuations are now reflecting their industry-leading performance, the analyst tells investors in a research note. At these valuations Stifel sees better risk/reward opportunities elsewhere in its coverage.

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