Stock Rating Downgrade
In recent days the Value Trend Rating for IDEX Corp (NYSE: IEX) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
IDEX Corp (NYSE: IEX) stock rose modestly by 0.8% on 9/13/24. The stock closed at $199.78. NORMAL trading volume accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 1.5% during the last week.
Current PriceTarget Research Rating
IEX is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
IDEX has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. IDEX has a slightly negative Power Rating of 38 and a slightly negative Appreciation Score of 33, and the Negative Value Trend Rating results.
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