Bullish Outlook for Crane (CR) Following Recent Acquisitions

Crane Company (NYSE:CR) is one of the 15 best Industrial Machinery and Supplies stocks to buy according to Hedge Funds.

On January 29, Scott Deuschle from Deutsche Bank maintained his Buy rating on Crane Company (NYSE:CR), following the company’s fourth quarter results announcement. The analyst also raised his price target on the stock from $235 to $238, implying almost 29% upside.

On January 29, Matt Summerville from DA Davidson also reaffirmed his Buy rating on Crane Company (NYSE:CR), with an estimated target price of $235. This yields an upside potential of almost 27% for investors.

Summerville noted the company’s recent inorganic growth strategy and strong prospects that back his bullish stance. He highlighted four recent deals involving Druck, Reuter-Stokes, Panametrics, and Optek-Danulat that led Summerville to make adjustments to his 2026 and 2027 forecasts for the business. He also shed light on an impressive demand backlog for the company’s Aerospace & Electronics segment, which offers strong visibility.

Crane Company (NYSE:CR) develops and sells engineered industrial products. The business is structured around two segments: Aerospace & Electronics and Process Flow Technologies. With an emphasis on mission-critical components and systems, it offers original and aftermarket equipment for the space, commercial, military, and defense aerospace segments.

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Disclosure: None. This article is originally published at Insider Monkey.