IDEX Reports Third Quarter Results; Orders up 9 Percent and Sales up 5 Percent

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Go back to IDEX Reports Third Quarter Results; Orders up 9 Percent and Sales up 5 Percent

RBC Capital Cuts Price Target on IDEX Corp. (IEX) to $101; Reiterates Outperform

October 19, 2016 7:17 AM EDT

RBC Capital reiterated an Outperform rating on IDEX Corp (NYSE: IEX), and cut the price target to $101.00 (from $105.00), following the company's 3Q earnings report. IDEXs in-line 3Q16 EPS and roughly unchanged 2016 guidance midpoint stand out as holding up relatively well. Management noted that... More