B. Riley analyst Jeff Van Sinderen raised the firm’s price target on SPX Technologies (SPXC) to $244 from $225 and keeps a Buy rating on the shares. SPX plans to acquire Crawford United’s (CRAWA) commercial air handling and coil businesses, broadening its HVAC portfolio with minimal customer overlap and adding well-regarded brands under the Ingenia umbrella, the analyst tells investors in a research note. The deal is expected to support modest growth in 2026 as SPX continues pursuing acquisitions alongside steady organic expansion, B. Riley says.
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