Langenberg & Company Downgrades SPX Corp. (SPW) to Hold
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Price: $77.07 +1.14%
Rating Summary:
7 Buy, 8 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Rating Summary:
7 Buy, 8 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Trade SPW Now!
Langenberg & Company downgraded SPX Corp. (NYSE: SPW) from Buy to Hold with a price target of $75.00.
The firm comments, "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."
For an analyst ratings summary and ratings history on SPX Corp. click here. For more ratings news on SPX Corp. click here.
Shares of SPX Corp. closed at $70.15 yesterday, with a 52 week range of $56.31-$79.42.
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The firm comments, "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."
For an analyst ratings summary and ratings history on SPX Corp. click here. For more ratings news on SPX Corp. click here.
Shares of SPX Corp. closed at $70.15 yesterday, with a 52 week range of $56.31-$79.42.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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