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Idex Corp. initiated with a Market Perform at BMO Capital
BMO Capital initiated coverage on Idex Corp. (IEX) with a Market Perform rating and a $214 price target. The firm anticipates low-to-mid single-digit growth, margin improvement, and capital deployment to lead to over 10% EPS growth for Idex. However, BMO remains cautious, waiting for a sustained improvement in shorter-cycle indicators and organic volume growth before becoming more constructive on the stock.