IDEX Corp (IEX) PT Lowered to $180 at DA Davidson

DA Davidson analyst Matt Summerville lowered the price target on IDEX Corp (NYSE: IEX) to $180.00 (from $215.00) while maintaining a Neutral rating.

The analyst commented, "We are reducing our 2025E/2026E and our PT, driven by some incremental customer tentativeness with respect to inbound orders, alongside expected mix headwinds. End market conditions remain mixed across IEX, inclusive of strength within its energy, space/defense, food/pharma, offset by weakness within auto, ag, and semicon businesses. Day rates appear to be mixed along with slower customer decision making creating headwinds for the business. Absent a sustained catalyst for upward estimate revisions/multiple reflation, we maintain our NEUTRAL rating."

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