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3. SPX Technologies, Inc. (NYSE:SPXC)

On April 20, 2026, Truist analyst Jamie Cook raised the price target on SPX Technologies, Inc. (NYSE:SPXC) to $251 from $244 and maintained a Buy rating as part of a broader Q1 preview across machinery, infrastructure services, and multi-industry companies. The firm pointed to improving industrial conditions, noting that March U.S. Manufacturing PMI rose to 52.7 after positive readings in January and February. Truist said the setup for Q1 results appears favorable, though it cautioned that the Iran conflict could still weigh on sentiment and disrupt a broader industrial recovery. The firm also noted that channel destocking appears largely behind the industry, with improving trends in construction and mining equipment, commercial vehicles, and semiconductors.

Earlier in the month, Wells Fargo analyst Joseph O’Dea lowered the price target on SPX Technologies, Inc. (NYSE:SPXC) to $225 from $270 and maintained an Overweight rating. The firm said its recent industry calls did not reflect heightened caution tied to the Middle East conflict, but warned that continued geopolitical uncertainty could pressure sentiment until there is more clarity.

Last month, BMO Capital initiated coverage of SPX Technologies, Inc. (NYSE:SPXC) with an Outperform rating and a $243 price target. The firm said SPX has transformed over the past five years into a SMID-cap compounder with strong growth and margin characteristics, highlighting its HVAC exposure, differentiated technology, disciplined capital allocation, and multiple long-term growth drivers.

SPX Technologies, Inc. (NYSE:SPXC) supplies engineered solutions for the HVAC and detection and measurement markets globally.