Standex price target raised to $323 from $298 at DA Davidson

DA Davidson raised the firm’s price target on Standex (SXI) to $323 from $298 and keeps a Buy rating on the shares. Standex is expected to report results on April 30, with recent company discussions suggesting accelerating organic growth beyond datacenters, supported by strength in aerospace and defense amid rising global tensions, the analyst tells investors in a research note. Its Test & Measurement segment may also be benefiting from these dynamics, and the divestiture of the Federal business is viewed as a positive capital allocation move, supporting a constructive long-term outlook, the firm adds.