SPX Technologies price target raised to $272 from $240 at Oppenheimer

Oppenheimer raised the firm’s price target on SPX Technologies (SPXC) to $272 from $240 and keeps an Outperform rating on the shares. The firm notes the company reported Q4 2025 adjusted EPS of $1.88, roughly in line with estimates. HVAC slightly missed elevated Q4 expectations, offset by D&M top-line outperformance. Both segments entered 2026 with supportive backlog and order trends, highlighted by HVAC momentum in custom air handling and data center projects, Oppenheimer adds.