Wells Fargo cuts SPX Technologies stock target to USD 243.00

Published on 10/18/2026 at 13:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SPX Technologies posted USD 1.56 GAAP earnings per share in the second quarter of 2026. Results for SPX Technologies stock are scheduled for October 29, 2026.

Targets, results and upcoming dates

Wells Fargo reduced its SPX Technologies target from USD 250.00 to USD 243.00 on October 13, 2026.
Second-quarter revenue reached USD 679.0 million, up 22.9 percent from the prior-year quarter.
Third-quarter fiscal 2026 results are scheduled for October 29, 2026.

SPXC, US78473E1038, Illustration mit AI erstellt.

SPX Technologies (ISIN US78473E1038) faces a lower Wells Fargo target after the bank reduced its price objective from USD 250.00 to USD 243.00 on October 13, 2026. According to Markets Insider, Wells Fargo kept an Overweight rating and cited margin pressure ahead of the next report.

Second-quarter growth sets the context

SPX Technologies reported USD 679.0 million in revenue for the second quarter ended June 27, 2026, up 22.9 percent from USD 552.4 million in the prior-year quarter. GAAP income from continuing operations rose to USD 79.3 million from USD 52.5 million, while GAAP earnings per share increased to USD 1.56 from USD 1.10, according to MarketWatch.

The company raised its full-year 2026 adjusted earnings-per-share outlook to USD 8.20-8.60 from USD 7.75-8.15. Its revenue outlook moved to USD 2.705-2.765 billion from USD 2.575-2.645 billion, giving the Wells Fargo caution a clear counterpoint.

Three dates shape the setup

On July 30, 2026, SPX Technologies reported USD 679.0 million in second-quarter revenue. On September 15, 2026, it completed the USD 410 million acquisition of FIS Water. On October 13, 2026, Wells Fargo cut its target to USD 243.00 from USD 250.00, the latest dated event in this sequence.

What does the target mean?

The target change puts valuation and execution ahead of headline growth. SPX Technologies generated USD 151.8 million of adjusted EBITDA in the second quarter of 2026, up 19.8 percent year over year, while the HVAC segment margin fell to 22.8 percent from 25.4 percent. Detection and Measurement delivered a contrasting margin increase to 28.9 percent from 22.8 percent.

Results date is October 29

The next two scheduled dates are October 29, 2026, for third-quarter fiscal 2026 results, and October 29, 2026 at 4:45 p.m. ET for the results conference call. GlobeNewswire reported that SPX Technologies will publish the figures after the U.S. financial markets close.

Euro quote stays a dated reference

The last available euro quotation for SPX Technologies was EUR 158.20 on Tradegate on October 17, 2026. The U.S. quote closed at USD 166.04 on the New York Stock Exchange on October 16, 2026, while the market capitalization was USD 8.3 billion and the 52-week range was USD 161.61 to USD 251.08.

The further course of trading is shown by the continuously updated real-time quote of SPX Technologies stock.