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Fly News Breaks for April 29, 2016
AME
Apr 29, 2016 | 08:03 EDT
After Ametek reported in-line Q1 results but lowered its 2016 EPS guidance, Stifel says it's concerned about the company's high exposure to energy. However, the firm says that the company could use M&A to raise its EPS by up to 15%-20%. It trimmed its price target to $56 from $58 but keeps a Buy rating on the shares.
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