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Fly News Breaks for July 23, 2019
CIR, CR
Jul 23, 2019 | 07:37 EDT
Canaccord analyst Ken Herbert said the Q2 results for Crane (CR) was highlighted by its execution and free cash flow strength. The analyst said its decision to end its push for Circor (CIR) is a positive and will provide a tailwind as a quicker resolution is better than having it drag on. He believes the company will continue to be active in M&A and would not be surprised if it was active in 2019. Herbert reiterated his Buy rating and $105 price target on Crane shares.
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