IDEX Corporation Reaches Analyst Target Price
April 12, 2021 at 09:42 AM EDT
In recent trading, shares of IDEX Corporation (IEX) have crossed above the average analyst 12-month target price of $215.75, changing hands for $217.42/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..