Crane NXT added to ‘Best-of-Breed Bison’ list at DA Davidson

DA Davidson added Crane NXT to the firm’s “Best-of-Breed Bison” list while keeping a Buy rating on the shares with a $100 price target. The “Best-of-Breed Bison list attempts to identify the highest quality companies with strong competitive positioning and exceptional financials” and Crane NXT presently possesses 12 of the 12 criteria required to join this category, the analyst tells investors in a research note. The company’s favorable scoring within the Bison framework is driven by one of the highest quality moats within the firm’s industrial technology coverage, consistent and strong execution, a favorable long-term growth profile via a combination of secularly driven end-markets, and a newly established M&A practice as a stand-alone entity, the firm states, noting that these will enable the stock to outperform expectations over time.