Here's Why Hold Strategy is Apt for IDEX (IEX) Stock Now
IDEX(IEX) zacks.com·2024-05-17 00:10
IDEX Corporation (IEX) has been benefiting from strong momentum in the Fire & Safety/Diversified Products (FSDP) segment and accretive acquisitions despite weakness in the Health & Science Technologies (HST) unit, the rising cost of sales and forex woes. Let us discuss the factors why investors should retain the stock for the time being. Growth Catalysts Business Strength: IDEX is benefiting from the strong performance of the FSDP segment, driven by increasing orders from industrial and municipal markets. T ...