Crawford United Corporation (CRAWA) has been upgraded to an “Outperform” rating from “Neutral,” reflecting its well-executed bolt-on acquisition strategy that deepens its presence in high-value, regulation-heavy end markets such as aerospace, defense and healthcare. The company has integrated three acquisitions in roughly 18 months — Rahn Industries, Advanced Industrial Coatings (AIC) and Heany — adding meaningful revenue while expanding vertical capabilities in HVAC coils and aerospace/industrial coatings. ...