Mizuho analyst Brett Linzey lowered the firm’s price target on Idex Corp. to $200 from $227 and keeps a Neutral rating on the shares. The company’s orders decelerated in Q1, exacerbated by destocking and recalibration across a number of verticals, the analyst tells investors in a research note.
Published first on TheFly
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- Idex Corp. to acquire Iridian for C$150M cash consideration
- Idex Corp. cuts FY23 adjusted EPS view to $8.25-$8.55 from $8.50-$8.80
- Idex Corp. sees Q2 adjusted EPS $2.10-$2.13, consensus $2.22
- Idex Corp. reports Q1 adjusted EPS $2.09, consensus $2.02
- Idex Corp. price target raised to $246 from $242 at Stifel
