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Fly News Breaks for May 16, 2017
CR
May 16, 2017 | 05:41 EDT
Canaccord analyst Ken Herbert upgraded Crane to Buy from Hold and increased its price target to $92 from $79 given an improving top-line outlook, the increased opportunity in the Payment & Merchandising segment, and a material peak earnings opportunity. The analyst has increased confidence in 2017 will be a trough for the Fluid Handling segment as the focus changes to the potential pace of a recovery and expects Payment and Merchandising segment margins to be consistently over 20%, aiding total company margin upside.
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