Idex Corp. price target lowered to $215 from $220 at DA Davidson

DA Davidson lowered the firm’s price target on Idex Corp. to $215 from $220 and keeps a Neutral rating on the shares after its Q3 results and updated guidance. The company has experienced more normalized end market conditions across the business, with some slowing within FMT and FSD general industrial and municipal markets, the analyst tells investors in a research note. The firm is also reducing its 2024 EPS view by 15c to $8.35 as a means to “de-risk to a low-growth environment”.