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- S&P 500 ends marginally lower as investors focus on US-Iran war
- Oracle triggers force majeure on massive 'Project Jupiter' data center
- Oil gains on little sign of progress in US-Iran talks
- S&P 500 history shows strong gains across Fed hiking cycles: BCA
- JPMorgan upgrades CoreWeave on stronger compute pricing
- Bloom Energy falls as Oracle invokes force majeure on AI project
- Akamai signs $11.6B deal with Anthropic, up to $20B potential
- Oracle triggers force majeure on massive 'Project Jupiter' data center
- Oracle Sends Force Majeure Notice Over New Mexico Data Center - Bloomberg
- US and Iran discuss phased deal to reopen Hormuz and end US blockade, sources say
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
