As previously reported, BofA upgraded SPX Technologies (SPXC) to Buy from Neutral with a price target of $280, up from $240. The firm, which is raising its FY26 EPS estimates by 69c to reflect 39c from announced M&A and 30c from phasing in capacity additions, argues that capacity additions, new product introductions and capital deployment set the company up well for about 20% EPS growth into FY27.
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