Crane price target raised to $142 from $125 at DA Davidson

DA Davidson raised the firm’s price target on Crane to $142 from $125 and keeps a Buy rating on the shares. The company delivered a “strong” Q4 result that was aided by notable top-line upside in Aerospace & Electronics, or A&E, segment and another quarter of margin outperformance for Process Flow Technologies segment, the analyst tells investors in a research note. A&E demand remains quite strong across both civilian and defense markets, inclusive of both OEM/AM, supporting double-digit organic growth in 2024 and 2025, the firm added.