UPDATE: Jefferies Raises PT on IDEX Corporation on 4Q12 EPS

In a report published Wednesday, Jefferies reiterated its Hold rating on IDEX Corporation IEX, and raised its price target from $47.00 to $53.00. Jefferies noted, “4Q12 EPS from ops increased 7% and modestly exceeded expectations. Core sales were flat but orders increased. We have increased conviction in our forecasts. A large impairment charge was taken and this hurt the stock. We maintain our estimates and consider IEX fairly valued.” IDEX Corporation closed on Tuesday at $48.96.