DA Davidson raised the firm’s price target on Standex (SXI) to $298 from $272 and keeps a Buy rating on the shares after its Q2 earnings beat. The company appears to be plowing ahead on its organic-growth ambitions, with new products accompanied by an improved cycle for existing ones, the analyst tells investors in a research note.
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Read More on SXI:
- Standex International Showcases Growth Inflection in Earnings
- Standex sees Q3 revenue up slightly to moderately from $221.3M in Q2
- Standex reports Q2 adjusted EPS $2.08, consensus $1.99
- SXI Earnings this Week: How Will it Perform?
- Promising Growth Potential for Standex International: Buy Rating Affirmed by Ross Sparenblek