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Fly News Breaks for January 13, 2020
AME
Jan 13, 2020 | 07:44 EDT
Cowen analyst Joseph Giordano downgraded Ametek to Market Perform from Outperform as its shares have more than doubled since 2016 and has now exceeded his price objective. The analyst noted execution has been excellent and he believes it will remain so, but he sees more downside risk than upside to organic growth estimates. Girodano raised his price target to $100 from $91 on Ametek shares.
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