REPEAT/Gabelli & Company’s 26th Annual Pump, Valve & Water Systems Symposium
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Canaccord Genuity Cuts Price target on Crane Co. (CR) Following 2016 Guidance
January 27, 2016 9:21 AM ESTCanaccord Genuity maintained a Hold rating on Crane (NYSE: CR), and cut the price target to $52.00 (from $58.00), following the company's 2016 guidance release. FY16 guidance implies revenues of ~$2.74B, but FX is a ~ $55M headwind. Canaccord agrees with management that the 2016 guidance largely de-risks... More
