Market Overview

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

Related CR
Earnings Scheduled For July 28, 2014
Stocks Hitting 52-Week Highs

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.

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

 

Most Popular

Related Articles (CR)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters