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Fly News Breaks for September 30, 2019
AME
Sep 30, 2019 | 09:21 EDT
DA Davidson analyst Matt Summerville kept his Buy rating and $105 price target on Ametek (AME) after its announced acquisition of Gatan from Roper Technologies (ROP) on Friday. The analyst notes that the pending deal looks "nicely accretive" to the company's long term organic growth trajectory as well as earnings and adjusted EBITDA, with Gatan's EBITDA margins in the high 30% vs. Ametek's 27%.
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