IDEX Corporation (IEX) - NYSE
  • Mon, Apr. 4, 12:26 PM
    • General Electric (GE -1.9%) sinks after shares are downgraded to Market Perform from Outperform at Bernstein, which cites valuation concerns after the stock recently hit an eight-year high at $32.
    • Bernstein sees risks of rising competition in several of GE's businesses, that growth in its health care segment will be challenged by pricing pressure, and the success of its power and aviation businesses are priced in.
    • The firm says many sources of upside are now 'baked into' the current share price" even as GE still has many of the same risks, ranging from Alstom integration and power demand to a longer duration oil and gas business down-cycle to a potential air pocket in aviation within the next few years.
    • Bernstein also downgrades Danaher (DHR -1.7%) and IDEX (IEX -1.6%) to Market Perform from Outperform on valuation.
    • Now read General Electric: A major buy signal just flashed
    | Mon, Apr. 4, 12:26 PM | 30 Comments
Company Description
IDEX Corp. engages in the manufacturing of industrial pumps and other engineering equipment. It operates through three segments: Fluid & Metering Technologies, Health & Science Technologies; and Fire & Safety/Diversified Products. The Fluid & Metering Technologies segment designs, produces and... More
Industry: Diversified Machinery
Country: United States