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Hudson is out with its report today on Ametek
AME, raising its PT from $42 to $50.
In a note to clients, Hudson writes, "Ametek once again delivers another strong quarter of top-line growth ahead of expectations. The company has continued to see broad portfolio strength over the last few quarters but comparisons get more challenging in the second half of the year. We'd get a little more aggressive on the stock on a pullback but shares continue to look close to fairly valued at current levels. We are raising our target price to $50 from $42 based on 20x our fiscal 2012 EPS of $2.49 and maintaining our NEUTRAL rating."
Shares of AME closed Friday at $44.79.
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Posted In: Analyst ColorPrice TargetAnalyst RatingsametekElectrical Components & EquipmentHudsonIndustrials
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