Truist Raises its Price Target on SPX Technologies (SPXC)

Truist raised its price target on SPX Technologies to $295 from $261 and maintained a Buy rating, signaling continued analyst confidence ahead of Q2 earnings. The bank said the machinery, infrastructure services, and multi-industry group appears set up positively, with demand remaining strong and supported by secular growth trends in power, data centers, aerospace and defense, and infrastructure. The note reinforces a constructive outlook for SPX Technologies, which has also been active on the corporate side with a planned leadership transition in its Detection & Measurement segment. While the article is framed as bullish for the stock, SPXC shares were down 1.72% in the session cited, suggesting the upgrade did not immediately translate into price strength.