William Blair analyst Ross Sparenblek has maintained their bullish stance on SPXC stock, giving a Buy rating today.
Ross Sparenblek has given his Buy rating due to a combination of factors that highlight SPX’s strong performance and promising outlook. The company reported better-than-expected first-quarter results, which were driven by stable market trends in both the HVAC and Detection & Measurement (D&M) segments, as well as strong project activity. These positive results led management to upgrade their full-year 2025 revenue guidance, reflecting confidence in the company’s growth trajectory.
Additionally, the acquisition of Sigma & Omega is expected to contribute positively to SPX’s financials, with management projecting an increase in adjusted EBITDA and EPS. Despite some challenges such as tariff impacts, the company’s efforts in tariff mitigation and the robust order momentum, particularly in the D&M segment, provide a solid foundation for future growth. This combination of strong current performance and strategic initiatives supports Sparenblek’s optimistic Buy rating for SPX.
Sparenblek covers the Industrials sector, focusing on stocks such as SPX, Federal Signal, and MSA Safety. According to TipRanks, Sparenblek has an average return of 1.0% and a 40.00% success rate on recommended stocks.
In another report released today, Oppenheimer also reiterated a Buy rating on the stock with a $170.00 price target.