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UPDATE: Topeka Capital Markets Raises PT to $53 on Crane Company on Improving Top-Line

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Earnings Scheduled For April 27, 2015
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Topeka Capital Markets reiterated its Hold rating on Crane Company (NYSE: CR) and raised the price target from $44.00 to $53.00.

Topeka Capital Markets commented, "Crane Co. adjusted 4Q EPS was roughly in-line with expectations on higher margins, while revenue was softer-than-expected. Following earnings, we are increasing our price target to $53, from $44, but remain on the sidelines as we believe top-line pressure is likely to limit upside from here."

Crane Company closed at $50.23 on Tuesday.

Latest Ratings for CR

DateFirmActionFromTo
Apr 2015Canaccord GenuityMaintainsHold
Mar 2015Stifel NicolausInitiates Coverage onHold
Mar 2015Bank of AmericaDowngradesNeutralUnderperform

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Posted-In: Topeka Capital MarketsAnalyst Color Price Target Analyst Ratings

 

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