RBC Capital raised the firm’s price target on Ametek (AME) to $201 from $194 and keeps an Outperform rating on the shares. The company delivered a modest Q1 operating beat with solid free cash flow, the analyst tells investors in a research note. Ametek management has also unveiled its $100M tariff mitigation plan that orchestrates pricing, supply chain efficiencies, and productivity initiatives, RBC adds.
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