Cowen Starts Ametek Inc. (AME) at Market Perform

Cowen initiates coverage on Ametek Inc. (NYSE: AME) with a Market Perform rating and a price target of $62.00.

Analyst Joseph Giordano commented, "Initiating at Market Perform with $62 PT based on our DCF and comp multiple analyses. See AME as an M&A compounder with attractive positioning in niche applications, particularly in aerospace, precision motion control, and advanced metrology. FCF financed investment supports mid-teens ROIC. Weakening industrial capex near-term headwind, but shares likely less volatile than group in soft markets."

For an analyst ratings summary and ratings history on Ametek Inc. click here. For more ratings news on Ametek Inc. click here.

Shares of Ametek Inc. closed at $56.02 yesterday.

You May Also Be Interested In

• UBS Upgrades UDR, Inc. (UDR) to Buy
• Needham Upgrades Silicon Labs (SLAB) to Buy
• Boston Scientific (BSX) PT Raised to $82 at Wells Fargo