2024-05-15 10:46:52 ET
Summary
- SPX Technologies has experienced significant share price growth of 91.86% in the past year.
- The company has undergone a transformation, divesting numerous businesses and acquiring others, leading to a 10-fold increase in equity value over the past decade.
- The stock is rated as a Strong Buy, with an anticipated 34.27% increase in price over the next 12 months.
Investment Thesis for SPX
Growth stock SPX Technologies ( SPXC ) has just had a year of blistering share price growth, 91.86%. And the odds favor more of these years, although not necessarily at the same pace.
Over the past decade, it has gone through a transformation, one in which is divested numerous business and acquired others. SPX has been able to increase the value of its equity 10-fold in as many years, thanks to the transformation and other initiatives....
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SPX Technologies: Transformation Delivers High Returns And Promises More Growth