Crane price target raised to $200 from $185 at DA Davidson

DA Davidson raised the firm’s price target on Crane (CR) to $200 from $185 and keeps a Buy rating on the shares. The company delivered impressive organic sales and order/backlog growth, with the latter reaching a record level, the analyst tells investors in a research note. Crane’s balance sheet optionality is also “plentiful”, while its initial FY25 guide appears well-grounded and conservative, with multiple pathways available to drive upside as the year unfolds in both segments, the firm added.