SPX Technologies initiated with an Overweight at Wells Fargo

Wells Fargo analyst Joseph O’Dea initiated coverage of SPX Technologies (SPXC) with an Overweight rating and $205 price target The company offers “compelling earnings outgrowth” versus peers, the analyst tells investors in a research note. SPX’s pricing power and volume leverage should drive continued gains while it sees strong contribution from data centers, the analyst tells investors in a research note.