Crane price target raised to $160 from $142 at DA Davidson

DA Davidson analyst Matt Summerville raised the firm’s price target on Crane to $160 from $142 and keeps a Buy rating on the shares after its Q1 earnings beat. The company exited the quarter with considerable momentum across both Aerospace & Electronics and Process Flow Technologies segments, with innovation-led wins, market share gains, and notable value-based price capture, the analyst tells investors in a research note. All of these will ultimately allow the company to raise its medium-to-long-term organic objectives for these businesses, the firm added.