Idex Corp. price target lowered to $241 from $245 at Baird
The Fly

Idex Corp. price target lowered to $241 from $245 at Baird

Baird lowered the firm’s price target on Idex Corp. (IEX) to $241 from $245 and keeps an Outperform rating on the shares. The firm said 3Q results were in line operationally with FSDP upside offsetting FMT downside. 2024 guidance was raised at the low end, and 4Q bands consensus. Positively, daily order rates, demand commentary, and estimates suggest stabilization, which is encouraging following a tumultuous period for the company.

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