Auriga Reiterates a 'Buy' on Crane (CR); Expect a Strong Finish to FY11 and Strong FY12 Outlook

Auriga reiterates a 'Buy' on Crane (NYSE: CR) price target of $56.00.

Auriga analyst said, "Today after the close, Crane Co. is expected to report fourth-quarter results. We expect a solid finish to the year with 35.7% diluted EPS growth to $0.90, on nearly a 14% increase in sales. Looking forward, we suspect management's tone will be bullish for 2012, as we look for continued top line growth and margin expansion to stem from higher commercial aircraft production and strength in the company's Fluid Handling business."

For an analyst ratings summary and ratings history on Crane click here. For more ratings news on Crane click here.

Shares of Crane closed at $50.40 yesterday.

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