Fly News Breaks for May 2, 2019
May 2, 2019 | 08:51 EDT
DA Davidson analyst Matt Summerville raised his price target on Ametek to $101 and kept his Buy rating after its Q1 earnings beat, saying the company generated "strong incoming orders" in spite of a "tough compare", along with "solid" pricing and a record level of backlog. The analyst also sees Ametek's balance sheet offering much room for capital deployment through accretive M&A and internal growth investments.
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