Jefferies Starts Ametek Inc. (AME) at Buy; Premier Mid-Cap Industrial Enables Playing Offense or Defense

Jefferies initiates coverage on Ametek Inc. (NYSE: AME) with a Buy. PT $51.00.

Jefferies analyst says, "AME, a manufacturer of analytical instruments, sensors, metering systems, connectors and motors, is a premium mid-cap industrial, in our view. It has an excellent earnings track record, owing to its leading market positions, balance of early-/late-cycle sales, productivity and M&A. It generates excess returns on capital. We expect AME to outperform in '12 since earnings have both cyclical upside leverage and downside protection, attributes we believe investors should gravitate towards in the current environment." (Jefferies FY12 EPS estimate is $2.66 and FY13 is $3.00)

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 $41.02 yesterday.

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