Crane price target raised to $235 from $230 at DA Davidson

DA Davidson raised the firm’s price target on Crane (CR) to $235 from $230 and keeps a Buy rating on the shares after its Q3 earnings beat. The firm is raising its estimates on Crane for 2025, 2026, and 2027, with all periods aided by the strong go-forward visibility with respect to Aerospace & Electronics segment’s robust backlog coupled, with high conviction that the company will continue to deliver notable market outgrowth and price capture within PFT, or Process Flow Technologies, the analyst tells investors in a research note.