Ametek rises after Oppenheimer upgrades to 'outperform'
22/05/2024 14:39
** Industrial technology solutions provider Ametek's shares
AME.N rise 1.1% to $171.02, in early trading hours
** Oppenheimer upgrades AME to "outperform" from "perform"
** Price target of $200 represents an 18% upside to the
stock's last close
** Says upgrade reflects strong runway to Paragon Medical
integration and additional acquisition capacity
** Also cites sturdy end-market mix, robust operations and
co's financial planning and analysis
** Ten brokerages rate the stock "buy" or higher and six
"sell" or lower; their median PT is $191 - LSEG data
** Stock had risen 2.6% YTD
(Reporting by Aatreyee Dasgupta)
((Aatreyee.Dasgupta@thomsonreuters.com))