SPX Shows Increasingly 'Attractive' Valuation, Oppenheimer Says

11:10 AM EDT, 10/02/2026 (MT Newswires) -- SPX Technologies (SPXC) shares are showing increasingly "attractive" valuation following a 26.8% drop over the trailing 3 months, Oppenheimer said in a Thursday report. The report pointed to general small and mid-capitalization industrial weakness, renewed AI capex scrutiny, and supply chain/inflationary pressure for the weakness. Although near-term earnings upside may be limited, HVAC business remains firmly in growth mode, while detection and management unit shows growth potential, the note said. The report said the stock remains a top pick, offering realistic prospects for double-digit EPS growth and supportive valuation. "We believe recent weakness affords a strong buying opportunity in shares," the note said. Oppenheimer kept its outperform rating while lowering its price target to $270 from $280. Price: 173.29, Change: +3.57, Percent Change: +2.11