Standex initiated with bullish view at DA Davidson, here’s why

DA Davidson initiated coverage of Standex with a Buy rating and $165 price target. The firm also called Standex a core industrial holding and added it to its Best-of-Breed Bison designation, a firm-wide initiative to “identify the best long-term value potential through a uniform set of criteria.” DA Davidson said the results of Standex’s transformation have been extraordinary, and the company “may only be half-way toward its goal thanks to its focus on customized, high-margin solutions.”