UBS upgraded SPX Technologies (SPXC) to Buy from Neutral with a price target of $182, up from $160. UBS has increasing confidence in the outlook for the HVAC segment, the analyst tells investors in a research note. Additionally, the firm says the tariff-induced SMID Industrials pullback has provided more attractive valuation, and now sees a quicker freeing up of balance sheet capacity, easing its prior hesitation on the stock.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SPXC: