Crane Company (CR) stock is soaring 5.80% in pre-market trading on Tuesday, following a series of positive analyst ratings. The industrial products manufacturer has received continued support from Wall Street, with multiple firms reiterating their bullish stance on the company.

Three prominent financial institutions have weighed in on Crane Company's prospects. D.A. Davidson's Matt Summerville maintained a Buy rating on the stock, while Bank of America Securities' Ronald Epstein also reiterated a Buy rating. Stifel Nicolaus analyst Nathan Jones took a more cautious approach, maintaining a Hold rating but setting a price target of $189.00, which still suggests potential upside from the stock's previous closing price.

The confluence of these positive analyst views appears to be driving investor optimism, leading to the significant pre-market surge. While specific reasons for the maintained ratings were not detailed in the available news, the consensus among analysts suggests confidence in Crane Company's business model and future prospects. Investors are likely interpreting these ratings as a signal of the company's strong market position and potential for growth in the industrial sector.