Oppenheimer raised the firm’s price target on SPX Technologies to $134 from $124 and keeps an Outperform rating on the shares. The firm believes SPX remains well positioned for organic end-market outgrowth, steady margin expansion, and continued/needle-moving M&A runway. In turn, Oppenheimer views SPX’s targeted 15%-plus EBITDA CAGR as realistic, and expects its differentiated compounder story to garner further/broader investor attention.
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Read More on SPXC:
- SPX Technologies price target raised to $126 from $90 at UBS
- SPX Technologies price target raised to $125 from $100 at Seaport Research
- SPX Technologies price target raised to $124 from $118 at Oppenheimer
- SPX Technologies sees FY24 adjusted EPS $4.85-$5.15, consensus $4.72
- SPX Technologies reports Q4 adjusted EPS $1.25, consensus $1.26