Baird analyst Michael Halloran raised the firm’s price target on Crane NXT (CXT) to $78 from $77 and keeps an Outperform rating on the shares. The firm said they beat 3Q and narrowed 2024 guidance. Quarter was largely consistent within expectations, with directionally positive underlying trends, offset by well-understood US currency headwinds and gaming recovery pushout.
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Read More on CXT:
- Crane NXT, Co. Reports Strong Q3 2024 Growth
- Crane NXT reports Q3 adjusted EPS $1.16, consensus $1.14
- Crane NXT sees 2024 adjusted EPS $4.22-$4.30, consensus $4.26
- Is CXT a Buy, Before Earnings?
- Crane NXT acquires smart packaging asssets of TruTag Technologies
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