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Deutsche Bank Upgrades SPX Corporation (SPXC) to Hold

February 26, 2016 7:32 AM EST

Deutsche Bank upgraded SPX Corporation (NYSE: SPXC) from Sell to Hold with a price target of $10.00 (from $6.50). The change follows the release of Q4 results.

Analyst John G. Inch said, "While on the surface the weak results may appear incrementally challenged, the company reported ~$85mm of adjusted core FCF (cash being quite important in this... More