SPX reduces its risk exposure and slightly improves to Neutral
The independent financial analyst theScreener just allocated a lower risk rating to SPX (US), active in the Industrial Machinery industry. As regards its fundamental valuation, the title still shows 3 out of 4 possible stars. Its market behaviour, however, has slightly improved and can be qualified as moderately risky. theScreener considers that these elements merit an overall rating upgrade to Neutral. As of the analysis date March 19, 2021, the closing price was USD 59.58 and its expected value was estimated at USD 57.01.SPX is a supplier of infrastructure equipment serving the heating, ventilation and cooling (HVAC), detection and measurement, power transmission and generation, and industrial markets. The company's segments are: HVAC, which engineers, designs, manufactures, installs and services cooling products and heating and ventilation products; Detection and Measurement, which engineers, designs, manufactures and installs underground pipe and cable locators, inspection and rehabilitation equipment, bus fare collection systems, communication technologies, and obstruction lighting; and Engineered Solutions, which engineers, designs, manufactures, installs and services transformers and process cooling equipment.
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