Oppenheimer raised the firm’s price target on SPX Technologies (SPXC) to $170 from $168 and keeps an Outperform rating on the shares following quarterly results. The firm notes that updates from the team were broadly positive, spanning demand trends, secular positioning, CI traction, and flywheel value-creation runway. Oppenheimer believes SPX’s defensive growth underpinning and technology leadership afford both downside protection and sustained outgrowth potential through the cycle.
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Read More on SPXC:
- SPX’s Strong Performance and Strategic Acquisitions Justify Buy Rating
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- SPX Technologies reports Q1 adjusted EPS $1.38, consensus $1.17
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