SPX Corp. announces sale of SPX Precision Components SPX Corporation announced it has completed the sale of its Precision Components business to RFE Investment Partners and 24/6 Capital Partners for approximately $62M. Precision Components is an aerospace and defense manufacturer that provides engineered components and other parts to military and civilian aircraft programs. In SPX's most recent financial filings, the results of Precision Components were reported as discontinued operations for all periods presented. Loop Capital Markets LLC acted as a financial advisor to SPX on the transaction.
SPX Corp. downgraded to Market Perform from Outperform at FBR Capital FBR Capital downgraded SPX Corp. to Market Perform with a $99 price target following the company's Q3 results. Shares were also downgraded this morning at Goldman Sachs.