Analyst at DA Davidson started covering Standex International (NYSE:SXI) with a Buy rating and a price target of $165.00, along with the addition of the Best-of-Breed Bison designation. This designation is part of a firm-wide effort to identify companies with the best long-term value potential based on a consistent set of criteria.

Standex International, for some time, operated under the radar while undergoing a comprehensive transformation. This transformation included significant divestitures, acquisitions, and a shift towards rapidly growing end-markets and a focus on margin expansion. According to the analysts, the results of these changes have been remarkable. The analysts believe that the company is potentially only halfway towards achieving its goal, driven by its emphasis on customized, high-margin solutions.