Ametek price target raised to $201 from $194 at RBC Capital

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.