Crane price target lowered to $82 from $120 at UBS

UBS lowered the firm’s price target on Crane to $82 from $120 and keeps a Neutral rating on the shares. The analyst states that the company’s spin value has been realized and that the stock is now valued in-line with its peers while pricing in the momentum expected for 2023. UBS adds that the focus now falls on Crane’s execution on long-term targets and the management’s capital deployment.