Citi Discusses Crane (CR)

Citi Investment Research has a note on Crane Co. CR, after the company reported earnings yesterday. In a note to clients, Citi writes, "CR shares appear vulnerable for a decline following the 6.0% increase over the past three weeks and with the shares above the high end of their relative valuation range vs peers. Stocks that have performed well in earnings season demonstrated organic revenue upside, strong EPS beats, and momentum into 2011. We did not see these metrics in Crane's report." Shares of CR gained 73 cents yesterday to close at $40.45 yesterday.