Bernstein analyst Brendan Luecke lowered the firm’s price target on Idex Corp. to $220 from $225 and keeps a Market Perform rating on the shares. The firm remains constructive on Idex following the Q1 earnings report, and while the firm anticipated a deceleration coming into the quarter, it is reducing estimates in line with the new guidance, the analyst tells investors in a research note.
Published first on TheFly
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