SPX Technologies price target raised to $240 from $220 at Oppenheimer

Oppenheimer raised the firm’s price target on SPX Technologies (SPXC) to $240 from $220 and keeps an Outperform rating on the shares after hosting investor meetings with the company’s CEO Gene Lowe and CFO Mark Carano, coming away incrementally confident in the team’s 2026 setup and continued flywheel value-creation prospects. Combining supportive end-market demand and technology-driven share gains, the firm views both segments as well positioned for mid-single digit-plus organic growth for the foreseeable future.