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Fly News Breaks for January 16, 2020
AME
Jan 16, 2020 | 08:58 EDT
Baird analyst Richard Eastman downgraded Ametek to Neutral from Outperform following the company's announcement to divest one of its more cyclical business units. The analyst incorporated the divestiture into his estimates and as a results sees limited upside especially given its gains last year. Eastman maintained his $96 price target on Ametek shares.
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