Analysts have been closely monitoring the Industrial Goods sector, with fresh insights on SPX Corporation (SPXC) and Caterpillar (CAT). BMO Capital analyst Daniel DiCicco maintained a Buy rating on SPX, setting a price target of $221.00. The stock closed last Thursday at $167.26. DiCicco, a 1-star analyst with a -3.6% average return and a 36.4% success rate, covers stocks like Emerson Electric and Parker Hannifin. The broader analyst consensus for SPX is a Strong Buy, with an average price target of $249.62, suggesting a 52.1% upside from current levels. TipRanks, xAI also upgraded SPX to Buy with a $193.00 price target.
Meanwhile, RBC Capital analyst Sabahat Khan reiterated a Hold rating on Caterpillar, setting a price target of $722.00. The stock closed last Thursday at $647.39. Khan, a 5-star analyst with a 7.9% average return and a 57.1% success rate, covers companies like GFL Environmental and Republic Services. The consensus rating for Caterpillar is a Moderate Buy, with an average price target of $880.13, implying a 38.3% upside. TipRanks, OpenAI downgraded the stock to Hold with a $778.00 price target.
Additional updates on SPX include a lowered price target to $245 from $265 at UBS and to $215 from $220 at Baird. SPX Technologies reported a Q3 adjusted EPS of $2.21, beating the consensus of $2.09. The company forecasts FY26 adjusted EPS between $8.20 and $8.50, slightly below the consensus of $8.26.