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UPDATE: Barrington Lowers PT on IDEX to $45

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Barrington is out with its report today on IDEX (NYSE: IEX), lowering its PT to $45 from $55.

In its report, Barrington writes, "We reiterate our OUTPERFORM rating. We believe that IEX is a very high quality industrial company that should have double-digit EPS growth in 2011-2016 due to a superior business strategy and a management team that has demonstrated ability. We are lowering our price target to $45 from $55."

Shares of IEX closed Thursday at $34.29.

Posted-In: BarringtonAnalyst Color Price Target Analyst Ratings

 

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