Fri, Feb. 27, 3:31 PM
- Crane (CR -2%) is downgraded to Market Perform from Outperform with a $67 price target, down from $77, at FBR, which says it was "underwhelmed" by CR's 2015 end-market outlook presented at the company's analyst meeting yesterday.
- The outlook appeared optimistic and perhaps failed to fully bake in emerging weaknesses across end markets, the firm says, believing end-market headwinds could result in near-term choppiness with expectations needing a reset to lower levels.
Apr. 24, 2012, 2:43 PM
Jan. 23, 2012, 6:15 PMIndustrial equipment maker Crane (CR) could see some weakness tomorrow after reporting Q4 revenue of $631.6M (+10% Y/Y) and EPS of $0.68, missing consensus by a solid $18.2M and $0.22. Crane is also guiding for 2012 revenue growth of 3%-5% (5.8% consensus) and EPS of $3.75-$3.95 ($3.86 consensus). (PR) | Comment!
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