UBS Initiates Coverage On Crane NXT with Neutral Rating, Announces Price Target of $65
Portfolio Pulse from richadhand@benzinga.com
UBS analyst Damian Karas has initiated coverage on Crane NXT (NYSE:CXT) with a Neutral rating and a price target of $65.

August 29, 2023 | 9:21 am
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NEUTRAL IMPACT
UBS has initiated coverage on Crane NXT with a Neutral rating and a price target of $65.
The initiation of coverage by UBS with a Neutral rating suggests that the analyst sees the stock as fairly valued at current levels. The price target of $65 provides a reference point for investors, but does not necessarily suggest a strong upside or downside. Therefore, the short-term impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100