Jefferies, which initiated coverage of IDEX Corp. IEX, is providing some color on the stock.
“IDEX has built a strong earnings track record by leveraging its leading market positions, consistently lowering costs and generating excess cash flow,” Jefferies writes.
“Armed with multiple sales and productivity strategies, we expect 19% EPS growth in 2011 and 17% in 2012. Acquisition accretion should boost these above-Street forecasts.”
IDEX Corp. closed Thursday at $39.77.
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