From Earlier: Barrington Research Reiterates IDEX Outperform
Barrington Research reiterated its IDEX (NYSE: IEX) Outperform rating in a research report published today. Barrington Research has a $50 price target on the company.
In the report, Barrington Research stated, "We continue to expect that IEX will be able to maintain a longterm EPS growth rate of at least 12% throughout the industrial cycle, which should support a higher valuation multiple for IEX compared to more cyclical industrial peers."
Shares of IDEX closed today at $41.47, up 1.37% from Monday's market close.
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