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Fly News Breaks for October 24, 2016
AME
Oct 24, 2016 | 10:43 EDT
Pre-open, Janney Capital analyst Michael Gaugler initiated Ametek with a Buy and a $56 price target. He believes the bulk of its product lines provide defensible end market exposures due to their specialized, high technology content, and finds the communicated strategic vision of doubling the size of the company's earnings over a five-year period differentiated versus the majority of industrial names.
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