Standex International (SXI) PT Raised to $350 at DA Davidson
DA Davidson analyst Michael Shilsky raised the price target on Standex International (NYSE: SXI) to $350.00 (from $323.00) while maintaining a Buy rating.
The analyst commented, "We are maintaining our BUY rating on SXI, with a new price target of $350 (from $323) following F4Q:26 (C2Q:26) earnings. Organic growth of 7.7% topped last quarter's 6.5%--and could be double-digits in each of the next two quarters, at a minimum. In the core Electronics business, organic growth could even top 20% in F1Q/C3Q. While SXI's day-to-day operations appear to be quite strong, its longerterm M&A program remains active--this includes divestitures as well. We continue to view SXI as a solid organic and inorganic growth idea, worthy of an above-peer multiple."