UPDATE: Jefferies Raises PT on Ametek Following Investor Meetings
In a report published Monday, Jefferies analyst R. Scott Graham reiterated a Buy rating on Ametek (NYSE: AME), and raised the price target from $52.00 to $53.00.
In the report, Jefferies noted, “We sponsored investor meetings with the CEO Frank Hermance and Head of IR Kevin Coleman at AME's HQ in Berwyn, PA. We sensed organic sales are improving, but very slowly. It also appears AME may have significant acquisition activity in 4Q13. We believe both factors are catalysts for the stock. AME is one of our top picks.”
Ametek closed on Friday at $45.64.
Latest Ratings for AME
|Oct 2016||Janney Capital||Initiates Coverage On||Buy|
|Aug 2016||Stifel Nicolaus||Maintains||Buy|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.