As previously reported, Atlantic Equities upgraded Ametek to Overweight from Neutral and raised its price target to $62 from $48. Analyst Richard Radbourne believes Ametek is is approaching a turn for organic revenue and earnings growth that will result in improved sentiment and a return to a more appropriate valuation level. Radbourne believes Ametek's robust operating model is firmly intact under new CEO David Zapico and FY17 organic revenue guidance of 1-3% and earnings of $2.34-$2.46 has a clear pathway to the high-end in this generally improving industrial environment.