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Fly News Breaks for December 11, 2017
AME
Dec 11, 2017 | 08:55 EDT
BMO Capital analyst R. Scott Graham raised his price target on Ametek to $80 from $78 and kept his Outperform rating after meetings with the company CEO Dave Zapico. Graham says the focus of discussions was around organic sales and M&A, giving him confidence that the company will benefit in 2018 from its position as an "industrial with upward estimate revisions, organic sales above historical/peer/market levels, and value-added capital allocation". The analyst adds that CEO Zapico sees sales and orders trends as positive in most markets.
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