UPDATE: Stifel Nicolaus Raised PT to $51 on IDEX Corporation on Acquisition Outlook

Stifel Nicolaus reiterated its Buy rating on IDEX Corporation IEX and raised its price target from $45 to $51. Stifel Nicolaus commented, "we believe the organic outlook is softer in 2013 in both FMT and HST as the recovery in those markets may be further off than we had previously expected. … While we believe we are now modeling 2013 in an appropriately conservative manner, potential upside to our estimates could come from: Accelerated or increased cost cutting actions in HST, particularly at CVI Melles Griot; U.S. GDP traction, bottoming Europe, China stimulus; Accretive acquisitions; Share repurchases." IDEX Corporation closed at $41.67 on Friday.