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Morgan Stanley Sees Good Things Ahead For SPX Corporation

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In a report published Thursday, Morgan Stanley analyst Nigel Coe reiterated an Overweight rating and $119.00 price target on SPX Corporation (NYSE: SPW).

In the report, Morgan Stanley noted, “SPW's I-Day highlighted organizational/cultural transformation initiatives, rather than quantifiable targets. While in early days, evidence of success is encouraging and we see plenty of low hanging fruit. If SPW succeeds, welcome to the next self-help story with SOTP support. Reiterate OW/$119 PT.”

SPX Corporation closed on Wednesday at $102.25.

Latest Ratings for SPW

DateFirmActionFromTo
Sep 2015MaintainsNeutral
Jul 2015Initiates Coverage onNeutral
Jun 2015UpgradesUnderperformBuy

View More Analyst Ratings for SPW
View the Latest Analyst Ratings

Posted-In: Morgan Stanley Nigel CoeAnalyst Color Reiteration Analyst Ratings

 

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