Jefferies initiates Crane NXT at 'buy' on margin expansion potential

Crane NXT

22/09/2026 12:04

** Jefferies initiates authentication technology firm Crane NXT CXT.N with a "buy" rating and a $60 price target
** PT implies 31.1% shows an upside of from the stock's last close
** Brokerage sees operational improvements, favorable currency mix and acquisition synergies driving co's adjusted EBITDA margins to the mid-20% range by 2028
** Crane NXT's high barriers to entry are underappreciated by investors, while ongoing operational improvements should help sustain margins near 24% through 2028-Jefferies
** 7 of 8 brokerages rate the stock "buy" or higher, 1 "hold"; their median PT is $65.87- data compiled by LSEG
** As of last close, stock had fallen 2.8% YTD 

 (Reporting by Apratim Sarkar in Bengaluru)
 ((Apratim.Sarkar@thomsonreuters.com))