Fly News Breaks for January 31, 2018
CR
Jan 31, 2018 | 07:22 EDT
As previously reported, Stifel analyst Nathan Jones upgraded Crane to Buy from Hold as he believes the company's record of strong operational performance and cash generation warrants a premium multiple on the stock. He believes Crane's accelerated investments over the next 2 years will provide a tailwind to earnings growth while its new restructuring program is an "opportunity presented not by market weakness but largely by operational improvements," he tells investors. Jones increased his price target on Crane shares to $113 from $99.
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