Crane NXT price target raised to $100 from $80 at DA Davidson

DA Davidson raised the firm’s price target on Crane NXT to $100 from $80 and keeps a Buy rating on the shares following the firm’s discussions with the President of Crane Currency regarding the company’s differentiated and deep technological moat within this business, its positioning with respect to both its USG and international businesses, and the forthcoming addition to CXT‘s solution set via its pending acquisition of OpSec Security. The firm contends that Crane NXT remains a best-in-class industrial tech name, offering “significant” organic and inorganic growth optionality inclusive of an unparalleled technological offering and a comprehensive secure, detect, and authenticate solution set.