Standex elevated to ‘Best-of-Breed Bison’ at DA Davidson

DA Davidson analyst Michael Shlisky elevated Standex to the firm’s ‘Best-of-Breed Bison’ list while maintaining a Buy rating and $165 price target. The company has honed itself over the last decade to just a few verticals with superior Industrial margins and cash flows and is now focused on highly-customized, engineering-centered components for Machinery and related applications, the analyst tells investors in a research note. Standex is able to achieve a close customer partnership, creating a “sticky” relationship that can last through multiple product cycles, the firm added.