Standex re-initiated with an Outperform at Barrington

Barrington analyst Gary Prestopino re-initiated coverage of Standex with an Outperform rating and $140 price target. Standex is a diversified industrial manufacturer with leading positions for products used in commercial and industrial markets, the analyst tells investors in a research note. The analyst says that through acquisitions and divestitures, the company has transformed itself into a company with a portfolio of businesses offering a "compelling" customer value proposition that sells customized solutions to high value end markets.