Idex Corp. price target raised to $242 from $230 at Oppenheimer

Oppenheimer raised the firm’s price target on Idex Corp. (IEX) to $242 from $230 and keeps an Outperform rating on the shares following quarterly results. The firm says that increasingly evident HST secular growth drivers, FMT’s shortcycle industrial leverage, and incremental/accretive capital deployment all support earnings and cash flow upside over the coming quarters.