Seaport Research raised the firm’s price target on SPX Technologies to $160 from $125 and keeps a Buy rating on the shares. The company has an improved outlook for FY24 due to its Q1 sales and EPS upside, the analyst tells investors. The firm raised its price target on the stock due to the strong order growth for the HVAC segment, especially related to data centers.
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Read More on SPXC:
- SPX Technologies price target raised to $140 from $134 at Oppenheimer
- SPX Technologies raises FY24 adjusted EPS view to $5.15-$5.40 from $4.85-$5.15
- SPX Technologies reports Q1 adjusted EPS $1.25, consensus $1.04
- SPX Technologies to Report First Quarter 2024 Financial Results
- SPX Technologies price target raised to $134 from $124 at Oppenheimer