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Investing.com - BofA Securities has raised its price target on Crane (NYSE:CR) to $225.00 from $200.00 while maintaining a Buy rating on the stock. According to InvestingPro data, analyst targets for Crane range from $170 to $230, with the stock currently trading near $190.
The firm cited Crane’s strong execution capabilities across both operations and portfolio management as key factors behind the increased target.
BofA Securities expressed continued bullishness on the Crane Business System, noting its strength and the positive trajectory it provides for the company’s future performance.
The new price target is derived from a 1.6x relative EV/EBITDA multiple to the S&P 500 on 2026 estimates, which remains unchanged from the firm’s previous valuation methodology.
BofA Securities expects Crane to continue growing through both organic means and strategic acquisitions, reinforcing its positive outlook on the company’s business strategy.
In other recent news, Crane Co. reported robust financial results for the second quarter of 2025, surpassing analysts’ expectations. The company achieved an adjusted earnings per share of $1.49, exceeding the forecasted $1.32. Additionally, Crane reported revenue of $577.2 million, slightly above the anticipated $570.99 million. These results have garnered positive attention from analysts and investors alike. Stifel has increased its price target for Crane to $200 from $189, citing the company’s strong quarterly earnings and raised guidance. The firm maintained a Hold rating, acknowledging Crane’s consistent execution across its business segments. DA Davidson reiterated its Buy rating on Crane, maintaining a $200 price target, following the company’s earnings beat. The firm highlighted organic sales growth and operating profit upside in the Aerospace & Electronics segment as key contributors to the strong performance. These developments reflect Crane’s ongoing ability to meet and exceed market expectations.
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