Jefferies Reiterates Buy on IDEX Corp. (IEX)

Jefferies is out with its report today on IDEX Corp. IEX, reiterating Buy. In a note to clients, Jefferies writes, "We continue to believe IEX will leverage its niche market positions into sustainable sales growth. Combined with its cost focus, we expect strong earnings growth. We also expect IEX to consummate acquisitions to further build earnings. It is among our top picks. We reiterate our BUY and $54 YE11 target." Shares of IEX closed Wednesday at $42.91, up 0.30% from Tuesday's close.