Rosenblatt Starts Ametek Inc. (AME) at Buy

November 6, 2019 4:26 PM EST
Get Alerts AME Hot Sheet
Price: $130.14 -1.69%

Rating Summary:
    17 Buy, 7 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 7 | Down: 15 | New: 24
Trade Now! 
Join SI Premium – FREE

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

Rosenblatt analyst Scott Graham initiates coverage on Ametek Inc. (NYSE: AME) with a Buy rating and a price target of $115.00.

The analyst comments "We consider AME a premier industrial. It has built an excellent LT earnings track record, and boasts a well-above peers ROIC and margin and portfolio of advanced tech businesses. The key to the former measures is best-in-class productivity which AME uses to build/protect margins, fund sales initiatives and streamline acquisitions. It can flex up productivity as needed to maintain earnings growth. AME is a compounder. Newer sales strategies lend visibility to LT organic growth, in our view. We're expecting slower, +MSD earnings through 1H20 then an acceleration to +DD in 2H20-21."

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 $96.25 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, New Coverage

Related Entities

Earnings, Rosenblatt