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Fly News Breaks for July 31, 2019
AME
Jul 31, 2019 | 07:16 EDT
KeyBanc analyst Steve Barger raised his price target for Ametek to $100 from $94 as he views the company's modest EPS guidance increase and maintained sales growth expectations as potentially conservative given its "substantial" balance sheet and free cash flow flexibility to fund future M&A. While the analyst expects continued moderation in organic sales, he thinks the company's propensity for acquisitions could support potential upside to consensus estimates. Barger reiterates an Overweight rating on the shares.
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