Crane (CR) PT Raised to $90 at Oppenheimer; 'Raising Estimates & Price Target After 1Q17 Beat'
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Price: $217.64 -0.98%
Rating Summary:
19 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 2
Rating Summary:
19 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 2
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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.
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