Idex Corp. price target lowered to $215 from $225 at DA Davidson

DA Davidson lowered the firm’s price target on Idex Corp. (IEX) to $215 from $225 and keeps a Neutral rating on the shares after its Q4 results and below-consensus outlook. The firm has lowered its 2025 and 2026 estimates, reflecting a weaker overall organic sales outlook across all three segments, also noting that the end market conditions for Idex remain generally mixed, with strength within semiconductor MRO, pharma, water, industrial, and automation/fire safety, while semiconductor capital equipment, life sciences/analytical instrumentation, ag, and auto are among its “more depressed verticals”, the analyst tells investors in a research note.