Fly News Breaks for May 25, 2018
CR
May 25, 2018 | 06:25 EDT
DA Davidson analyst Matt Summerville kept his Buy rating and $111 price target on Crane after meeting with its director of investor relations. The analyst says he came away with greater confidence about the company's earnings visibility through 2021 on accretion from Crane Currency, realization of the benefits of U.S. tax reform and expected multi-year growth in its Aerospace/Electronics segment. Summerville adds that Crane's asbestos situation is becoming less of a distraction and that he is hopeful for recovery in Process Valve division.
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