Ametek price target raised to $46 from $38 at RBC Capital RBC Capital increased its price target on Ametek after the company reported higher than expected Q4 EPS. The firm is encouraged by signs of improvement in both the company's China business and its early-cycle motors business. The firm maintains an Outperform rating on the shares.
Ametek earns 'solid' returns on acquisitions, says Oppenheimer After Spruce Point Capital issued a negative report on Ametek, Oppenheimer offered a response and kept an Outperform rating on the stock. Opco says Ametek earns "solid" returns on acquisitions while its inventory turns remain consistent with historical levels. The firm says the report contains "arbitrary correlations." Shares of Ametek are down 4% to $50.13 in afternoon trading.