Barrington says Standex Q1/25 highlights accretive Amran/Narayan Group deal
The Fly

Barrington says Standex Q1/25 highlights accretive Amran/Narayan Group deal

Barrington keeps an Outperform rating on Standex (SXI) following quarterly results, with a price target of $220, up from a prior range of $190-$200. A key highlight for Q1/25 included the completion of the Amran/Narayan Group acquisition that significantly expands Standex’s presence in the fast-growing, high-margin electrical grid end market. Amran/Narayan effectively doubles Standex’s fast growth market exposure on pro-forma FY/24 basis to 24% of sales, Barrington adds. The firm further notes that the Amran/Narayan Group is immediately accretive to revenue growth and adjusted EBITDA margin.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App