Crane price target raised to $150 from $144 at Stifel

Stifel analyst Nathan Jones raised the firm’s price target on Crane (CR) to $150 from $144 and keeps a Hold rating on the shares following what the firm calls “another very strong quarter.” Management reiterated on the call that the company was on a path to eclipse prior guidance before the implementation of tariffs, primarily the 145% on imports from China, the analyst noted.