Crane NXT price target raised to $80 from $75 at DA Davidson

DA Davidson raised the firm’s price target on Crane NXT to $80 from $75 and keeps a Buy rating on the shares. The company possesses best-in-class, highly differentiated and proprietary technology for securing, detecting, and authenticating physical cash and coin, the analyst tells investors in a research note. Crane NXT has an underappreciated set of assets and exposures to a number of significant secular tailwinds that should enable it to generate mid-single-digit organic growth over the cycle with further room for margin expansion, the firm added.