UBS analyst Damian Karas raised his price target on Crane to $100 and kept his Buy rating, saying the company's currency business is being "undervalued" in spite of its strong first-year performance amid "secular concerns around use of cash as a means of payment." The analyst acknowledges that the use of cash will become "less prominent over time", but points to central bank data suggesting that currency in circulation "continues to grow despite higher penetration of cashless transactions", rising mid-to-high single digits globally in recent years.

Vertical Research upgraded Crane to Buy from Hold.