Idex Corp. price target lowered to $238 from $255 at Citi

Citi lowered the firm’s price target on Idex Corp. to $238 from $255 and keeps a Buy rating on the shares. The analyst says strong execution in Q3 should position the company well for good growth potential once a more positive demand environment emerges over time. In the near-term, commentary indicating stabilization in overall order trends is encouraging and could be indicative of bottoming trends underway “although we caution that visibility to an upturn remains limited,” the analyst tells investors in a research note.