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.
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- Standex sees Q2 revenue slightly lower than Q1, consensus $193.87M
- Standex reports Q1 adjusted EPS $1.74, consensus $1.68
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