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Fly News Breaks for April 25, 2018
CR
Apr 25, 2018 | 08:39 EDT
Canaccord analyst Ken Herbert said the selloff in Crane following Q1 results is overdone. He said although the organic growth rate was disappointing in the quarter, he continues to see strong fundamentals. He notes the weakness likely stemmed from the negative perception of the quality of the company's guidance. Herbert reiterated his Buy rating and $110 price target on Crane shares.
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