DA Davidson Reiterates Buy Rating on Crane NXT (CXT)

DA Davidson analyst Matt Summerville reiterated a Buy rating and $85.00 price target on Crane NXT (NYSE: CXT).

The analyst commented, "Post close, CXT reported sales above our forecast, led by int’l Currency and DLRA, while CPI’s flat core sales was bit better vs. our model with Gaming offsetting weakness in other end markets. Overall OP$ were slightly below our estimate, with SAT margin notably below our view as CXT faces increased manufacturing costs due to outsized int’l Currency demand, noting a 50%+ Y/Y rise in SAT backlog and 20 denominational wins in 2025 (11 in the 4Q alone). 2026 EPS guide a bit light on int’l Currency 4Q comp/costs/investments vs. our model, CPI view in-line. BUY/$85 PT."

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 $51.73 yesterday.

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