Oppenheimer raised its price target on Crane (NYSE: CR) to $90.00 (from $82.00) while maintaining a Outperform rating, following the company's first quarter earnings report.

Analyst Jim Giannakouros notes the company delivered EPS results above consensus, while raising the lower end of 2017 guidance, suggesting a growth inflection is taking, driven by growth across all segments, supporting increasing confidence in core fundamentals.