B. Riley raised the firm’s price target on SPX Technologies (SPXC) to $212 from $200 and keeps a Buy rating on the shares ahead of the Q3 earnings report on October 30. The company should report key metrics that are in line with, or better than, expectations following solid results in both segments during Q2 and momentum that continued into early Q3, along with raised FY guidance, the analyst tells investors in a research note.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SPXC: