Idex Corp. price target raised to $225 from $210 at DA Davidson

DA Davidson raised the firm’s price target on Idex Corp. (IEX) to $225 from $210 and keeps a Neutral rating on the shares after its Q3 earnings beat. End market conditions for Idex remain generally mixed, with Water, Aerospace/Defense, and Dispense seen as healthy, life sciences, analytical instrumentation, and industrial markets appearing stable, while energy, ag, and auto being among its more depressed verticals, the analyst tells investors in a research note. The firm adds however that Idex maintains a strong balance sheet, healthy price capture and solid free cash flow profile.