Wolfe Research initiated coverage of SPX Technologies (SPXC) with an Outperform rating and $199 price target The firm views SPX as an “early-stage compounder,” operating in the “niche” HVAC and detection and measurement markets, with attractive growth opportunities both organically and inorganically. The company is positioned towards the high end of the value chain in engineered niches with plenty of runway for continued bolt-on acquisitions to its existing platforms, the analyst tells investors in a research note.
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Read More on SPXC:
- SPX Technologies Reports Strong Q3 2024 Results
- SPX Technologies backs FY24 adjusted EPS view $5.45-$5.60, consensus $5.54
- SPX Technologies reports Q3 adjusted EPS $1.39, consensus $1.36
- SPXC Earnings this Week: How Will it Perform?
- SPX Technologies management to meet with Oppenheimer
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
