Citi raised the firm’s price target on Idex Corp. to $255 from $243 and keeps a Buy rating on the shares. The company’s lowered 2023 outlook appears to have been largely anticipated by investors and estimates could now largely be “derisked,” the analyst tells investors in a research note. Citi believes investors are now likely to increasingly focus on Idex’s longer-term growth potential.
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Read More on IEX:
- Idex Corp. sees 2023 adjusted EPS $7.90-$8.00, consensus $8.48
- Idex Corp. sees Q3 adjusted EPS $1.84-$1.89, consensus $2.16
- Idex Corp. reports Q2 adjusted EPS $2.18, consensus $2.11
- Idex Corporation (IEX) Q2 Earnings Cheat Sheet
- Idex Corp. price target raised to $220 from $214 at Stifel
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