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Fly News Breaks for February 1, 2018
IEX
Feb 1, 2018 | 09:12 EDT
SunTrust analyst Charles Brady raised his price target on IDEX to $145 after the company's Q4 earnings beat. The analyst notes the company's strong organic growth and incoming orders as well as improved margins, adding he is "hard pressed" to find any areas of weakness. Brady says "valuation" is his only "sticking point", suggesting that further upside in the near term may be limited.
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