Rosenblatt Starts IDEX Corp (IEX) at Buy

November 6, 2019 4:25 PM EST
Get Alerts IEX Hot Sheet
Price: $219.62 -2.93%

Rating Summary:
    11 Buy, 16 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 3 | Down: 3 | New: 4
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Rosenblatt analyst Scott Graham initiates coverage on IDEX Corp (NYSE: IEX) with a Buy rating and a price target of $185.00.

The analyst comments "IDEX is one of the highest-quality companies in the industrial space. It has a strong LT earnings track record and margins and ROIC well above peers. It has unique and successful approaches to sales and margins, executes with the best of them and a portfolio laden with advanced technology businesses. IEX differentiated itself in the industrial recession of 2015-16 by growing earnings and generating above-average organic. It is a compounder. We expect short-cycIe weakness to limit earnings growth to +MSD through 1H20 but then for earnings to accelerated to +DD in 2H20-21. We view IEX as a safe-haven in an industrial slowdown."

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 $160.54 yesterday.

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