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Truist on SPX Technologies (SPXC): 'on track to achieve financial targets early'
June 16, 2026 3:43 PM EDTTruist Securities analyst Jamie Cook reiterated a Buy rating and $261.00 price target on SPX Technologies (NYSE: SPXC)
The analyst comments "Upside to revenue opportunity from capacity expansion: SPXC is investing to expand capacity for custom air handling and data center cooling products at both existing facilities (including Mirabel and Olathe) and new facilities (in Nashville, TN, and Madison, AL). Management is increasingly confident in the companys ability to drive more throughput, efficiency, and productivity at these facilities; recall last quarter SPXC noted these investments are expected to add ~$700M in incremental capacity by... More
