Cowen Upgrades This Illinois-Based Manufacturing Company

Cowen analyst Joseph Giordano upgrades IDEX Corp IEX to Outperform from Market Perform and maintains the price target of $220 (an upside of 15%).
The analyst notes that the company's diversity and cash deployment will help navigate the market volatility.
Price Action: IEX shares are trading higher by 4.01% at $190.64 on the last check Wednesday.