B. Riley Securities Cuts SPXC Price Target to $250
Key Points
- B. Riley Securities adjusted its price target for SPX Technologies, Inc. to $250 from $285, while keeping a Buy rating.
- B. Riley Securities's $250 price target implies 52.68% upside from SPX Technologies, Inc.'s ($SPXC) current $163.74 share price.
- SPX Technologies, Inc. trades recently at $163.74, which is about equal to its closing price on October 26 and significantly below its 52-week high of $251.08.
- The company is set to report its next earnings on October 29, 2026, with a trailing twelve-month revenue of about $2.48 billion.
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On October 26, 2026, B. Riley Securities lowered its price target for SPX Technologies, Inc. (NYSE: SPXC) from $285 to $250 while maintaining a Buy rating. This change reflects the firm's updated view on the company's growth potential and market conditions. The announcement was made in a research note on the same day.
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What Changed in B. Riley Securities' SPXC Position
B. Riley Securities reduced its price target for SPX Technologies from $285 to $250. This marks a significant adjustment in their outlook, though they still see the stock as a Buy. The firm did not initiate coverage but instead maintained its existing rating while revising the target downward.
Other Institutional Activity in SPX Technologies
In recent institutional activity, Capital International Investors trimmed its stake by 326,943 shares, ending with 2,566,361 shares worth about $420.2 million. Meanwhile, Jupiter Topco LLC increased its holdings by 949,479 shares, bringing its total to 1,898,958 shares valued at approximately $310.9 million. These movements showcase varying strategies among institutional investors in SPX Technologies.
SPX Technologies, Inc. Stock Up 2.3%
SPX Technologies recently traded at $163.74, which is about equal to its closing price on October 26. The stock is currently below its 50-day moving average of $183.44 and its 200-day average of $208.54. Additionally, it is 34.8% below its 52-week high of $251.08, but 5.1% above its 52-week low of $155.86.
$SPXC price target
SPX Technologies, Inc. daily closes and this analyst's $250 target. Not advice.
Recent Earnings
SPX Technologies reported trailing twelve-month revenue of approximately $2.48 billion, reflecting a year-over-year growth of 22.9%. The company has an EPS of $5.67 and a net margin of 11.3%. The next earnings report is scheduled for October 29, 2026.
Insider Buying and Selling at SPX Technologies, Inc.
Chief Executive Officer Eugene Joseph Lowe III sold 41,416 shares on March 2, 2026, valued at about $9.33 million. This transaction occurred before the recent analyst rating changes and reflects ongoing management activity within the company.
Analysts Set New Price Targets
On October 26, 2026, B. Riley Securities maintained its Buy rating on SPX Technologies while lowering its price target to $250. Earlier in October, other firms also adjusted their targets, with Baird initiating coverage with an Outperform rating and a target of $220, and JP Morgan maintaining an Overweight rating with a target of $225.
About SPX Technologies, Inc.
SPX Technologies, Inc. provides engineered solutions for the heating, ventilation, and cooling (HVAC) and detection and measurement markets. The company operates in two segments: HVAC and Detection and Measurement. SPX Technologies serves customers in the U.S., Canada, China, the U.K., and other international markets.
Bottom Line
Investors should watch for SPX Technologies' upcoming earnings report on October 29, 2026. The recent adjustments in price targets by various analysts highlight the changing perceptions of the company's market position and growth potential.
Related Filing Alerts
Source: B. Riley Securities's rating change on $SPXC (Oct 26, 2026). Written by software, not financial advice. How we make alerts