UPDATE: Deutsche Bank Reiterates Buy Rating, Lowers PT on SPX Corporation
December 12, 2012 at 11:37 AM EST
In a report published Wednesday, Deutsche Bank reiterated its Buy rating on SPX Corporation (NYSE: SPW ), but lowered its price target from $81.00 to $76.00. Deutsche Bank noted, “Yesterday, SPX's shares traded off substantially, driven by press reports that the company has entered into “exclusive talks” to acquire Gardner