Oppenheimer Maintains Outperform Rating for SPX Techs: Here's What You Need To Know

Oppenheimer has decided to maintain its Outperform rating of SPX Techs SPXC and raise its price target from $97.00 to $100.00.

Shares of SPX Techs are trading up 0.19% over the last 24 hours, at $79.98 per share.

A move to $100.00 would account for a 25.03% increase from the current share price.

About SPX Techs

SPX Technologies Inc supplies engineered heating, ventilation, and air conditioning, or HVAC, products, as well as detection and measurement technologies and power equipment. The company operates through three segments. The HVAC segment designs, manufactures, installs, and services cooling products, as well as heating and ventilation products. The detection and measurement technologies segment designs, manufactures, and installs underground pipe and cable locators and inspection equipment, bus-fare collection systems, and others. The Engineered Solutions segment engineers, designs, manufactures, installs and services transformers for the power transmission and distribution market. The company generates almost all of its revenue from American domestic market.

About Analyst Ratings

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.