Gabelli Reports On CR Operational Issues

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Gabelli has released a report on Crane Co's (NYSE CR) current operational issues. According to Gabelli, “Focus on N.A. power and downstream oil and gas markets, delays related to the Kromback operation in Germany, and the consolidating of facilities related to the energy group negatively impacted business… Yet these operational issues appear to be short term and the company expects improved results from the energy group in each quarter of 2011.” CR has a Buy Rating and closed yesterday at $47.85 a share.
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Posted In: Analyst ColorAnalyst RatingsCrane CoGabelli
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