RBC Capital raised the firm’s price target on Idex Corp. to $285 from $255 and keeps an Outperform rating on the shares. The company has one of the best margin profiles among the Multi-Industry sector, the analyst tells investors in a research note. A vast majority of its sales are from customized, highly engineeredproducts that serve critical functions and are a small part of an end user’s cost, generating strong pricing power, the firm added.
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