Citi analyst Vladimir Bystricky raised the firm’s price target on Idex Corp. to $273 from $228 and keeps a Buy rating on the shares. The analyst says megatrends and "still emerging fiscal tailwinds" should help moderate potential downside for industrials in a slowing macro-economic environment. In addition, improving price versus cost trends and gradually improving supply chains should remain supportive of improving profitability for much of the group, he tells investors in a 2023 outlook research note.
Published first on TheFly
