Idex Corp. price target raised to $208 from $206 at RBC Capital

RBC Capital analyst Deane Dray raised the firm’s price target on Idex Corp. (IEX) to $208 from $206 and keeps an Outperform rating on the shares. The company delivered better than expected results in Q1, with upside revenue and profitability coming in slightly above the firm’s estimates across all business segments, while orders increased both sequentially and y/y to record levels, representing the fourth consecutive quarter of positive organic order growth, the analyst tells investors in a research note.