Baird analyst Michael Halloran lowered the firm’s price target on Idex Corp. to $230 from $255 and keeps an Outperform rating on the shares. The analyst said its leading internal indicators are moderating which is supporting management’s more cautious 2H outlook, and its destock commentary is disappointing though consistent with industry commentary.
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
