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Jefferies initiated Ametek
AME coverage with a Buy rating and $51 price target in a research report published today.
In the report, Jefferies states, "We initiate coverage with a BUY. AME is a premium mid-cap industrial, and we believe investors will gravitate toward the stock in 2012 because earnings have both leverage to a cyclical upturn and downside protection in a slowdown."
Shares of Ametek closed today at $41.02, down 1.94% from Monday's market close.
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