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.
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