Crane Co. Elects New Director

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Crane (CR) PT Raised to $84 at Stifel; Reiterates Hold

April 26, 2017 8:27 AM EDT

Stifel raised its price target on Crane (NYSE: CR) to $84.00 (from $80.00) while maintaining a Hold rating. Crane reported 1Q17 revenue of $673.4 million, ahead of the Street's $655.8 million, up 2.0% y/y. Adjusted EPS of $1.05 came in ahead of the Street's $1.00.

The company noted it... More