Crane NXT price target raised to $80 from $70 at Oppenheimer

Oppenheimer analyst Ian Zaffino raised the firm’s price target on Crane NXT (CXT) to $80 from $70, owing to tailwinds in U.S./international currency, end-market stabilization in CPI, and the accretive Antares Vision acquisition. The firm keeps an Outperform rating on the shares, and says it anticipates in-line Q3 results when Crane NXT reports on November 5. Security and Authentication Technologies should post solid double-digit growth, driven by international currency and Crane Authentication.