Idex Corp. price target lowered to $241 from $256 at Baird

Baird lowered the firm’s price target on Idex Corp. to $241 from $256 and keeps an Outperform rating on the shares. The firm said 2Q results exceeded expectations with FSDP margins more than offsetting FMT downside. The 2024 guidance cut proved greater-than-anticipated, as project pushouts and a more muted recovery pressures expectations.