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Fly News Breaks for April 19, 2016
IEX
Apr 19, 2016 | 07:29 EDT
Wells Fargo says that some may view IDEX's Q1 results as "a lower quality beat and raise print." However, Wells thinks that what it sees as the company's "stable order book, unchanged sales outlook and continued execution in a soft volume environment" can boost the stock going forward. Consequently, the firm, which also says that the company can carry out additional acquisitions and share repurchases, recommends buying the stock on any weakness. Wells remains upbeat on the company's products and keeps an Outperform rating.
News For IEX From the Last 2 Days
