Thomas M. Montgomery Elected Senior Vice President and Comptroller

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Oppenheimer Cuts Price Target on Ametek (AME) Following an In-Line 4Q EPS

February 8, 2016 10:41 AM EST

Oppenheimer maintained an Outperform rating on Ametek Inc. (NYSE: AME), and cut the price target to $56.00 (from $59.00), following the company's 4Q earnings report. AME reported an in-line adjusted EPS of $0.63, which was flat y-o-y, on revenue down 3.5% to $988M vs. down lsd guidance.

Analyst... More