IDEX gets 'marketperform' rating as BMO starts coverage

IDEX

27/03/2026 12:26

** BMO initiates coverage on industrial equipment maker IDEX Corp IEX.N with "market-perform" rating and a price target of $214

** New PT represents a 12.8% upside to stock's last close

** BMO notes tepid organic growth from 2022-2025 has compressed the stock's premium relative to peers

** Brokerage says low- to mid-single-digit growth, margin gains and capital deployment should support earnings per share growth of more than 10%

** Median PT of 16 brokerages covering the stock is $230 - data compiled by LSEG

** As of last close, IEX up 6.6% YTD

 (Reporting by Megavarshini G. Somasundaram in Bengaluru)

 ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))