Market Overview

UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on Ametek

Share:
Related AME
Mid-Afternoon Market Update: Crude Oil Down 1%; MOCON Shares Spike Higher
15 Biggest Mid-Day Gainers For Monday

In a report published Monday, Jefferies & Company reiterated its Buy rating on Ametek (NYSE: AME), and raised its price target from $42.00 to $44.00.

Jefferies noted, “In our field trip to AME's Process & Analytical Instruments division, we learned of the unit's many growth opportunities in the process markets. We also now believe total AME cost cutting in 2013 can approach 2012's record. We are edging up our forecasts and target. AME remains a top pick.”

Ametek closed on Friday at $37.33.

Latest Ratings for AME

DateFirmActionFromTo
Aug 2017BMO CapitalMaintainsOutperform
Feb 2017Atlantic EquitiesUpgradesNeutralOverweight
Jan 2017Cowen & Co.UpgradesMarket PerformOutperform

View More Analyst Ratings for AME
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

Related Articles (AME)

View Comments and Join the Discussion!