Crane NXT downgraded to Market Perform from Outperform at Northland

Northland downgraded Crane NXT (CXT) to Market Perform from Outperform with a $72 price target While the firm views Crane NXT as a “high-quality industrial technology company with ultra-wide moats,” the product authentication business is not yet impactful on financials and the financial uplift from a major inflection with the U.S. currency refresh starting will be unclear until the official announcement in late 2025, the analyst tells investors.