Idex Corp. price target lowered to $215 from $235 at TD Cowen

TD Cowen lowered the firm’s price target on Idex Corp. to $215 from $235 and keeps an Outperform rating on the shares. The firm believesthe company will be a go-to for industrial investors to play a medical bottom at the appropriate time but acknowledge that an overall organic revenue and EPS decline next year is likely now given YTD orders.