Vertical Research Initiates Coverage On Crane with Hold Rating, Announces Price Target of $110
Portfolio Pulse from Benzinga Newsdesk
Vertical Research analyst Jeffrey Sprague has initiated coverage on Crane Co. (NYSE:CR) with a Hold rating and set a price target of $110.
November 20, 2023 | 4:23 pm
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Crane Co. received a Hold rating from Vertical Research with a price target of $110.
The initiation of coverage by an analyst typically does not have a significant short term impact on the stock price, especially with a neutral 'Hold' rating. However, the price target of $110 provides a reference point for investors, which could influence investment decisions if the target suggests a potential upside or downside based on the current trading price.
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IMPORTANCE 75
RELEVANCE 100