Baird analyst Michael Halloran maintains $IDEX Corp (IEX.US)$ with a buy rating, and maintains the target price at $241.
According to TipRanks data, the analyst has a success rate of 61.1% and a total average return of 11.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $IDEX Corp (IEX.US)$'s main analysts recently are as follows:
The company reported a modest increase in operating income and raised the lower end of its future guidance. A notable positive aspect was the stabilization in the life sciences area of the Health & Science Technologies segment, which had previously experienced an extended period of destocking and general underperformance.
The firm noted that 3Q results for Idex Corp. were operationally consistent, with upside in FSDP counterbalancing downside in FMT. The company's guidance for 2024 was improved at the lower end, and the projections for 4Q are in line with consensus. The firm found the stabilization in daily order rates, demand commentary, and estimates to be a positive sign, especially after a challenging period for the company.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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