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Fly News Breaks for April 12, 2018
AME
Apr 12, 2018 | 06:16 EDT
DA Davidson analyst Matt Summerville initiated Ametek with a Buy rating and a price target of $85, citing the company's exposure to positive demand trends in markets such as automation, medical, research, aerospace/defense, and semiconductors. The analyst further points to Ametek's established record of "solid profitability" and free cash flow generation while also noting its discount valuation relative to peers.
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