FBR Capital Maintains an 'Outperform' on SPX Corp (SPW); Pickup in Customer Capex Suggests Accelerating Growth Ahead for Flow
Tweet
Share
E-mailGet Alerts SPW Hot Sheet
Price: $49.44 +2.25%
Rating Summary:
10 Buy, 10 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
Rating Summary:
10 Buy, 10 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
Join SI Premium – FREE
FBR Capital maintains an 'Outperform' on SPX Corp. (NYSE: SPW), PT $92.
FBR analyst says, "We like SPX’s increasingly attractive mid- to late-cycle exposures (about 67% of revenues) in the global power and fluid markets, where we see potential for significant outperformance in shares over the next 12 to 18 months as revenues and margins in the company’s beaten-down businesses in Transformers and Flow start coming back. Beyond just end-market recovery, we see SPX as a much better managed company compared to the last cycle with its more focused portfolio, sizeable 25% emerging-market exposure, and increasing emphasis on new products/innovation. We also see positives in the company’s significant restructuring actions that have reduced head count by 15% and should drive margins above the previous cycle peak of 13.5% as revenue recovery takes hold."
For more ratings news on SPX Corp. click here and for the rating history of SPX Corp. click here.
Shares of SPX Corp. closed at $78.17 yesterday.
FBR analyst says, "We like SPX’s increasingly attractive mid- to late-cycle exposures (about 67% of revenues) in the global power and fluid markets, where we see potential for significant outperformance in shares over the next 12 to 18 months as revenues and margins in the company’s beaten-down businesses in Transformers and Flow start coming back. Beyond just end-market recovery, we see SPX as a much better managed company compared to the last cycle with its more focused portfolio, sizeable 25% emerging-market exposure, and increasing emphasis on new products/innovation. We also see positives in the company’s significant restructuring actions that have reduced head count by 15% and should drive margins above the previous cycle peak of 13.5% as revenue recovery takes hold."
For more ratings news on SPX Corp. click here and for the rating history of SPX Corp. click here.
Shares of SPX Corp. closed at $78.17 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Freedom Broker Upgrades PrimeEnergy Resource (PNRG) to Hold
- Benchmark Reiterates Buy Rating on Odysight.AI Inc. (ODYS)
- RCM Technologies (RCMT) PT Raised to $45 at Benchmark on Q2 Beat
Create E-mail Alert Related Categories
Analyst CommentsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
