Crane NXT price target lowered to $65 from $80 at Oppenheimer

Oppenheimer analyst Ian Zaffino lowered the firm’s price target on Crane NXT (CXT) to $65 from $80 and keeps an Outperform rating on the shares. The firm says fundamentals remain healthy across both of Crane NXT’s businesses. Currency should benefit from the launch of a new $10 banknote later this year as well as several new wins internationally, Oppenheimer adds.