Fly News Breaks for May 2, 2019
May 2, 2019 | 08:17 EDT
KeyBanc analyst Steve Barger raised his price target for Ametek to $94 from $86, saying that he views the company's EPS guide increase and maintained sales expectations as potentially conservative given its substantial balance sheet and free cash flow flexibility to fund M&A. While the analyst acknowledges management's conservatism for potentially moderating growth in 2020, he views Ametek's "solid" track record for generating returns and integrating new acquisitions positions it as among the best within his coverage list from a return on capital perspective. He reiterates an Overweight rating on the shares.
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