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UPDATE: Jefferies Raises PT to $38 on Ametek on Accretion From Acquisitions

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Jefferies reiterated its Buy rating on Ametek (NYSE: AME) and raised its price target from $37 to $38.

Jefferies said, "1H12's O'Brien and Dunkermotoren acquisitions were sizable and we expect earnings accretion, a defensive trait of AME. But these transactions also show a willingness to complete larger deals. We have identified categories of interest and one possible target in particular."

Ametek closed at $33.07 on Wednesday.

Latest Ratings for AME

DateFirmActionFromTo
Feb 2016JefferiesMaintainsBuy
Oct 2015Bank of AmericaUpgradesBuy
Oct 2015Stifel NicolausMaintainsBuy

View More Analyst Ratings for AME
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Pre-Market Outlook Analyst Ratings

 

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