DA Davidson Maintains Buy on Crane NXT, Raises Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Matt Summerville has maintained a Buy rating on Crane NXT (NYSE:CXT) and increased the price target from $75 to $80.
January 18, 2024 | 7:55 pm
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DA Davidson analyst Matt Summerville reaffirmed a Buy rating on Crane NXT and raised the price target to $80, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst typically signals a bullish outlook on the stock, suggesting that the company's fundamentals or market position may have improved. Investors often view such updates as a positive sign, potentially leading to a short-term increase in the stock price.
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IMPORTANCE 85
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