SPX Corp.

In a report published by J.P. Morgan, SPX Corp. (NYSE: SPW) is experiencing déjà vu. J.P. Morgan said that SPX remains in the early fundamental innings of inflection off an earnings base that is the closest to trough levels in the EE/MI sector. “We believe a premium on near-term valuation is...

Sterne Agee has raised its price target on shares of SPX Corp. (NYSE: SPW) to $79 (up from $76). “It is based on our 2011E EPS of $4.70 (N/C) and assumes that SPW trades at a 30% P/E premium to FactSet's S&P 500 2011E P/E of 13.0X (up from 12.5X previously) based on their forecast of S&P...