Jefferies Starts Crane NXT (CXT) at Buy, 'Underappreciated Growth and Margin Story'

Jefferies analyst Stephen Volkmann initiates coverage on Crane NXT (NYSE: CXT) with a Buy rating and a price target of $60.00.

The analyst comments "We initiate on Crane NXT (CXT) with a Buy rating and $60 price target. CXT is a diversified niche industrial focused on authentication & security in the currency, food, and healthcare markets. Higher exposure to secular trends underpins MSD+ growth, with potential M&A upside, while the Crane Business System supports continued mid-20% EBITDA margins and 100% FCF conversion. Our $60 PT (~8.5x 2027E EV/EBITDA) implies 30% upside."

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 $45.77 yesterday.

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