DA Davidson raised the firm’s price target on Crane to $125 from $115 and keeps a Buy rating on the shares. The firm states that its meeting with the company’s IR/Treasurer Jason Feldman offered a view “consistent” with its positive stance on the name. DA Davidson remains bullish on the multiyear outlook for Aerospace & Electronics, led in the nearer-term by the commercial recovery and strong underlying demand, with long-term visibility for Crane aided by numerous programmatic military wins.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on CR:
- Crane initiated with a Hold at Vertical Research
- Crane initiated with an Outperform at CJS Securities
- Crane price target raised to $124 from $118 at Deutsche Bank
- Crane price target raised to $115 from $107 at DA Davidson
- Crane raises FY23 adjusted EPS view to $4.05-$4.20 from $3.80-$4.10
Questions or Comments about the article? Write to editor@tipranks.com