http://www.americanbankingnews.com/getthestreet lowered shares of SPX Corp (NYSE: SPW) from a buy rating to a hold rating in a research report released on Monday morning.
“SPX Corporation (SPW) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and feeble growth in the company’s earnings per share.”
,” TheStreet’s analyst commented.
A number of other firms have also recently commented on SPW. Analysts at Robert W. Baird raised their price target on shares of SPX Corp from $86.00 to $95.00 in a research note to investors on Friday, February 15th. They now have an outperform rating on the stock. Separately, analysts at Credit Suisse raised their price target on shares of SPX Corp from $74.00 to $76.00 in a research note to investors on Friday, February 15th. They now have a neutral rating on the stock. Finally, analysts at Barclays Capital raised their price target on shares of SPX Corp from $78.00 to $85.00 in a research note to investors on Friday, February 15th. They now have an overweight rating on the stock.
Shares of SPX Corp opened at 80.04 on Monday. SPX Corp has a 52 week low of $56.31 and a 52 week high of $80.88. The stock’s 50-day moving average is currently $73.39. The company has a market cap of $3.970 billion and a P/E ratio of 15.45.
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