Northland Upgrades Crane NXT (CXT) to Outperform, 'Valuations Matter And CXT's Doesn't Make Sense'

Northland analyst Bobby Brooks upgraded Crane NXT (NYSE: CXT) from Market Perform to Outperform, PT $10.00.

The analyst comments "When we downgraded CXT to a market perform in February 2025 it was because of a lack of catalysts. We also explicitly wrote how we viewed CXT as a high-quality industrial tech company with ultra-wide moats - a view we continue to hold. Today, we are upgrading it because 1) a compressed valuation that does not reflect the business fundamentals and 2) we think the release of the new $10 bill could serve as a catalyst to shift investor sentiment. Our $52 PT is based on 9x our FY27 adj. EBITDA."

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

Shares of Crane NXT closed at $39.79 yesterday.

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