Crane price target raised to $125 from $115 at DA Davidson

DA Davidson raised the firm’s price target on Crane to $125 from $115 and keeps a Buy rating on the shares. The firm states that its meeting with the company’s IR/Treasurer Jason Feldman offered a view “consistent” with its positive stance on the name. DA Davidson remains bullish on the multiyear outlook for Aerospace & Electronics, led in the nearer-term by the commercial recovery and strong underlying demand, with long-term visibility for Crane aided by numerous programmatic military wins.