S&P 500: CTA buying halts at 6,925; selling accelerates below 6,500, UBS says
Investing.com - DA Davidson has reiterated its Buy rating and $85.00 price target on Crane NXT (NYSE:CXT) following the Federal Reserve’s currency print order for calendar year 2026. The target represents significant upside potential, with analyst consensus remaining bullish at 1.83 (Strong Buy) and price targets ranging from $57 to $88.
The Fed’s CY26 Print Order shows a significantly improved denominational mix compared to the 2025 order, according to DA Davidson’s analysis.
Production of $10, $20, $50, and $100 bills is expected to increase approximately 90% year-over-year at the midpoint, while lower denomination notes ($1, $2, and $5) are projected to decline by 50% on a similar basis.
The 2026 print order supports a return to growth in Crane NXT’s Currency USG business next year, with redesign uplift including Catalyst 10 expected to become more apparent over the next couple of years.
DA Davidson maintains its bullish view on Crane NXT, citing these positive developments in the currency printing business as supporting factors for its current rating and price target.
In other recent news, Crane NXT reported its Q2 2025 earnings, revealing revenue of $404.4 million, which exceeded analyst forecasts of $382.79 million by 5.65%. The company’s earnings per share (EPS) aligned with expectations at $0.97. Additionally, Crane NXT has announced a significant acquisition, agreeing to acquire Antares Vision S.p.A., an Italian provider of inspection systems and track and trace software solutions. The deal involves initially acquiring a 30% stake in Antares Vision at €5.00 per share, totaling approximately €120 million. Subsequently, Crane NXT plans to launch a mandatory tender offer for the remaining shares to take the company private, valuing the transaction at €445 million. UBS has maintained its Neutral rating on Crane NXT, while DA Davidson reaffirmed its Buy rating with a price target of $85.00, following the acquisition news. These developments indicate Crane NXT’s strategic expansion efforts in the industrial technology sector.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.