Idex Corp. price target lowered to $180 from $215 at DA Davidson

DA Davidson lowered the firm’s price target on Idex Corp. (IEX) to $180 from $215 and keeps a Neutral rating on the shares after its FY25 guidance cut. The firm is citing incremental customer tentativeness with respect to inbound orders, alongside expected mix headwinds, while also noting that end market conditions remain mixed across Idex, inclusive of strength within its energy, space/defense, food/pharma, though this is offset by weakness within auto, ag, and semiconductor businesses, the analyst tells investors in a research note.