Market Overview

UPDATE: Morgan Stanley Reiterates on SPX on Potential Upside

Related SPW
Bank Of America Issues Downgrade, Lowers Guidance For Upstream Oil & Gas Plays
UPDATE: Wedbush Upgrades SPX Corporation

In a report published Thursday, Morgan Stanley analyst Nigel Coe reiterated an Overweight rating on SPX (NYSE: SPW), and raised the price target from $108.00 to $117.00.

In the report, Morgan Stanley noted, “After years of inaction, we had some issues with the ‘raise number' button in our model. But with a bit of grease, we raise our FY14e by 4% to $5.37 and our PT ratchets up from $108 to $117. However, our base case SotP is higher suggesting scope for upside on further portfolio actions. Reiterate OW.”

SPX closed on Wednesday at $101.94.

Latest Ratings for SPW

DateFirmActionFromTo
Dec 2014JefferiesMaintainsHold
Nov 2014RBC CapitalInitiates Coverage onSector Perform
Nov 2014WedbushUpgradesNeutralOutperform

View More Analyst Ratings for SPW
View the Latest Analyst Ratings

Posted-In: Morgan Stanley Nigel CoeAnalyst Color Price Target Analyst Ratings

 

Related Articles (SPW)

Around the Web, We're Loving...

Get Benzinga's Newsletters