Baird analyst Michael Halloran lowered the firm’s price target on Idex Corp. (IEX) to $215 from $226 and keeps an Outperform rating on the shares. The firm updated its model following Q1 results where there are a lot of moving pieces but its competitive positioning and long term prospects are underappreciated.
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Read More on IEX:
- Idex Corp. price target raised to $208 from $206 at RBC Capital
- IDEX Corporation Reports Strong Order Growth Amid Earnings Decline
- Idex Corp. reports Q1 adjusted EPS $1.75, consensus $1.64
- Idex Corp. sees Q2 adjusted EPS $1.95-$2.05, consensus $2.10
- Idex Corp. backs FY25 adjusted EPS view $8.10-$8.45, consensus $8.11