Brean Murray Carret & Co. Reiterates a 'Buy' on IDEX Corp (IEX); Management Meeting Confirms Positive Thesis

Brean Murray Carret & Co. reiterates a 'Buy' on IDEX Corp (NYSE: IEX) price target of $56.00.

Brean analyst said, "Our recent discussions with IDEX reinforce our positive investment thesis based on 1) improving end market conditions, 2) active pipeline and rational pricing for acquisitions to augment organic growth, and 3) attractive valuation. We reiterate our rating and PT, based on the shares attaining a level of 20x our 2012 EPS estimate of $2.79."

Risks include: economic sensitivity, geopolitical risk, commodity pricing, foreign currency fluctuations, and acquisition integration risk.

For an analyst ratings summary and ratings history on IDEX Corp click here. For more ratings news on IDEX Corp click here.

Shares of IDEX Corp closed at $35.73 yesterday.

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