Crane price target raised to $115 from $107 at DA Davidson

DA Davidson raised the firm’s price target on Crane to $115 from $107 and keeps a Buy rating on the shares. The company’s Q3 results were “strong” with notable operational upside within the Process Flow Technologies – PFT – segment, the analyst tells investors in a research note. Aerospace & Electronics demand remains quite strong across both civilian and defense markets, the firm further states, adding that Crane’s overall orders and backlog remain healthy, despite some slowing expected in PFT heading into late 2023 and early 2024.