SPX Completes Spin-Off of FLOW Business

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Credit Suisse Starts SPX Corporation (SPXC) at Neutral

September 28, 2015 4:41 PM EDT

Credit Suisse initiates coverage on SPX Corporation (NYSE: SPXC) with a Neutral rating and a price target of $15.00.

Analyst Julian Mitchel commented, "The stock has a low EV/sales multiple given its low profitability, but we prefer to wait on the sidelines... More