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Investing.com - Truist Securities initiated coverage on SPX Technologies (NYSE:SPXC) with a Hold rating and a price target of $209.00 on Monday. The target represents potential upside from the current price of $184.04, though InvestingPro analysis suggests the stock is trading above its Fair Value.
The research firm described SPX Technologies as a diversified industrial company that serves HVAC and Detection & Measurement markets.
Truist highlighted the company’s exposure to what it considers highly attractive end markets, including nonresidential, industrial, smart infrastructure and residential sectors.
The firm acknowledged SPX Technologies’ proven track record of delivering above-average financial performance in these markets.
The $209 price target reflects Truist’s assessment of the company’s current market position and growth potential within its industrial segments.
In other recent news, SPX Technologies reported a strong financial performance for the second quarter of 2025. The company saw a 16% increase in adjusted earnings per share, reaching $1.65, alongside a 10% rise in total revenues compared to the previous year. Additionally, SPX Technologies has updated its full-year 2025 adjusted earnings per share guidance to a range of $6.35 to $6.65, suggesting a 16.5% growth at the midpoint. These developments highlight the company’s positive trajectory in its financial metrics. There were no recent updates regarding mergers or acquisitions for SPX Technologies. Analyst opinions have not been mentioned in the recent updates provided. Investors may find these financial results noteworthy as they reflect the company’s ongoing performance.
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