Analyst Ronald Epstein from Bank of America Securities reiterated a Buy rating on Crane Company and increased the price target to $225.00 from $200.00.
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Ronald Epstein’s rating is based on Crane Company’s robust operational execution and strategic portfolio management, which are expected to drive positive growth both organically and through acquisitions. The Crane Business System has demonstrated strength, and the company’s trajectory appears promising, prompting an increase in the price objective to $225.
The Aerospace & Electronics segment has shown impressive performance, with significant year-over-year growth in both Original Equipment and Aftermarket sales. This growth is anticipated to continue, particularly with Boeing’s production stabilization. Additionally, Crane’s defense portfolio is well-positioned to benefit from new programs and increasing demand for missile defense systems. The acquisition of Precision Sensors & Instrumentation is also viewed positively, enhancing Crane’s capabilities in key markets such as aerospace and nuclear industries.
In another report released on August 19, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $214.00 price target.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CR in relation to earlier this year.