Mizuho lowered the firm’s price target on Idex Corp. (IEX) to $170 from $185 and keeps a Neutral rating on the shares. The firm says the company’s “erratic” orders rates continue amid tough market conditions from extended destocking and tariffs .
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IEX:
- IDEX Corporation Reports Strong Q2 Sales Amid EPS Decline
- IDEX Corporation’s Earnings Call Highlights Mixed Outlook
- Idex Corp. reports Q2 adjusted EPS $2.07, consensus $1.99
- Idex Corp. sees Q3 adjusted EPS $1.90-$1.95, consensus $2.17
- Idex Corp. cuts FY25 adjusted EPS view to $7.85-$7.95 from $8.10-$8.45