IDEX Corp
IEX: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$979.00 | Dytq | Gzdfvcgz |
Idex: Upgrading Moat Rating to Wide and Raising Fair Value Estimate
After taking a fresh look at Idex, we are upgrading our moat rating to wide from narrow, based on switching costs and intangible assets. We’ve raised our fair value estimate to $222 per share from $214, which reflects the moat upgrade, partially offset by our slightly more conservative revenue growth projections.