Bank of America provided color on SPX SPW. In a research report published today, Bank of America commented on the company's expansion into the emerging markets.
In the report, Bank of America states, “SPX has made substantial penetration gains into emerging markets (EM) in
recent years – a fact we believe many investors may not fully appreciate.
Moreover, SPX's future growth opportunities in emerging markets appear to be
relatively predictable compared to other industrial companies that are more tied to
spending on infrastructure programs.”
At the moment, Bank of America has a Buy rating and a price target of $100 placed on the company's stock. On Tuesday, SPX lost 0.77% of its value to finish the day at $84.55.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in