Market Overview

UPDATE: Langenberg & Company Downgrades SPX Corporation to Hold, Reiterates $75 PT

Share:
Related SPW
Earnings Scheduled For February 12, 2015
5 Industrial Goods Stocks With The Highest EPS

In a report published Wednesday, Langenberg & Company downgraded its rating on SPX Corporation (NYSE: SPW) from Buy to Hold, and reiterated its $75.00 price target.

Langenberg & Company noted, “downgrade to Hold from Buy. Target is $75 and the shares are at $71. This pains us – the theoretical upside is at least $104 on break up value versus a downside (ex “cliff-light” coming up at a dysfunctional political environment near you) of perhaps $60. Still – this company is obviously not in break up mode given recent talks with GDI and thermal orders are weak. We just don't have conviction but would revisit near $60.”

SPX Corporation closed on Monday at $70.15.

Latest Ratings for SPW

DateFirmActionFromTo
Feb 2015BarclaysMaintainsOverweight
Feb 2015JefferiesMaintainsHold
Feb 2015Deutsche BankDowngradesHoldSell

View More Analyst Ratings for SPW
View the Latest Analyst Ratings

Posted-In: Langenberg & CompanyAnalyst Color Downgrades Analyst Ratings

 

Related Articles (SPW)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→