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Fly News Breaks for March 2, 2018
CR
Mar 2, 2018 | 07:05 EDT
Oppenheimer analyst Jim Giannakouros said he remains "bullish" on Crane's set-up for earnings growth outperformance following the company's Investor Day presentation, at which it reaffirmed its 2018 guidance and provided a 2021 EPS target underpinned by 6-8% annual core EBIT growth, ramping Crane Currency accretion and tax reform. The analyst, who has an Outperform rating and $105 price target, noted that Crane has a "proven" execution track record and that capital deployment represents additional upside to EPS trajectory.
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