Ametek rises after BofA upgrades to 'buy' rating
16/12/2024 17:08
** Industrial technology solutions provider Ametek's AME.N
shares rise ~1.2% to $189.54
** BofA upgrades AME to "buy" from "neutral" rating
** Brokerage says AME makes components in niche markets,
giving it pricing power
** BofA raises PT to $225 from $195, a ~20.1% upside on
stock's last close
** 12 of 17 brokerages rate the stock "buy" or higher, 4
"hold" and 1 "sell"; their median PT is $205 - LSEG data
** Including session's moves, stock up ~14.89% YTD
(Reporting by Prakhar Srivastava in Bengaluru)
((Prakhar.srivastava2@thomsonreuters.com))