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Crane price target raised to $230 from $200 at DA Davidson

DA Davidson analyst Matt Summerville raised the firm’s price target on Crane (CR) to $230 from $200 and keeps a Buy rating on the shares after its Q2 earnings beat. The firm cites the company’s strong go-forward visibility with respect to Aerospace & Electronics segment record backlog, coupled with high conviction CR will continue to deliver notable market outgrowth within Process Flow Technologies, the analyst tells investors in a research note.

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