BMO Capital initiated coverage of Idex Corp. with a Market Perform rating and $214 price target. The firm believes that low-to-mid single digit percentage growth, margin improvement, and capital deployment \"should translate to a 10%+ EPS algorithm\" for Idex, but added that while it is seeing positive signs, BMO debates if it needs \"a true cycle to make this a reality.\" BMO wants to see \"a sustained inflection in shorter-cycle/ISM and/or positive organic volume growth to drive several beats and raises\" before it gets more constructive.
