Idex Corp. price target raised to $250 from $200 at TD Cowen

TD Cowen raised the firm’s price target on Idex Corp. (IEX) to $250 from $200 and keeps a Buy rating on the shares. The firm said investors focused on orders over the 1Q guide that was a bit lighter than anticipated, and feedback suggests accelerating willingness to embrace an order-backed story of improvement off trough with cyclical optionality and potential for multiple re-rating.