Why is Crane NXT stock climbing today?
Crane NXT (CXT) stock rose 2.7% in pre-market trading after Jefferies initiated coverage with a Buy rating and $60 price target. The firm cited strong Q2 2026 results, including 22% revenue growth and raised earnings guidance. The company's backlog reached $755.5 million, reflecting 17% average year-over-year growth over two years.



