Northland Capital Markets Upgrades Allied Motion Technologies (AMOT) to Outperform on Valuation

Northland Capital Markets analyst Ted Jackson upgraded Allied Motion Technologies (NASDAQ: AMOT) from Market Perform to Outperform with a price target of $45.00.

The analyst comments "We are raising our rating on Allied Motion (AMOT) from MP to OP and maintaining our $45 price target. The company shares have decline roughly 20% since our March 6th downgrade and have reached what we think is an attractive valuation. Our downgrade was purely valuation driven and we believe AMOT’s fundamental remain solid."

For an analyst ratings summary and ratings history on Allied Motion Technologies click here. For more ratings news on Allied Motion Technologies click here.

Shares of Allied Motion Technologies closed at $35.75 yesterday.

You May Also Be Interested In

• UBS Upgrades Multi Commodity Exchange of India Ltd (MCX:IN) to Buy
• Brainsway (BWAY) PT Raised to $20 at BTIG
• Oppenheimer Upgrades Intuitive Surgical (ISRG) to Outperform, 'Crowding Out Competitors Strategically Smart'