Benchmark lowered the firm’s price target on Standex to $190 from $205 and keeps a Buy rating on the shares after the company reported fiscal Q1 results. The firm remains positive on Standex for long term investors and believes the company is on track to reach its five-year targets, the analyst tells investors in a post-earnings note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on SXI:
- Standex sees Q2 revenue slightly lower than Q1, consensus $193.87M
- Standex reports Q1 adjusted EPS $1.74, consensus $1.68
- STANDEX REPORTS FISCAL FIRST QUARTER 2024 FINANCIAL RESULTS
- STANDEX ENTERS INTO A DEFINITIVE AGREEMENT TO ACQUIRE SANYU SWITCH CO., LTD.
- Standex to acquire Sanyu Switch Co., terms not disclosed
