Crane, Crane NXT worth owning post-separation, says DA Davidson

DA Davidson analyst Matt Summerville keeps a Buy rating and $150 price target on Crane but notes that both Crane Co. (CR) and Crane NXT (CXT) are worth owning post-separation based on the firm’s "high conviction" that over time, incremental material value will be created. Crane Co. and Crane NXT are highly supported by solid management teams and execution, differentiated and proprietary technologies, and strong balance sheets and free cash flow profiles, all of which are also aided by "attractive secular tailwinds".