Idex Corp. price target raised to $255 from $234 at RBC Capital

RBC Capital analyst Deane Dray raised the firm’s price target on Idex Corp. to $255 from $234 and keeps an Outperform rating on the shares after its Q4 earnings beat. The company’s real-time short-cycle indicators are pointing to encouraging growth, including stabilizing book-and-bill, positive order day-rates in January, and normalization in its core bellwether businesses, the analyst tells investors in a research note.