Ametek price target raised to $230 from $220 at Barclays

Barclays analyst Julian Mitchell raised the firm’s price target on Ametek (AME) to $230 from $220 and keeps an Equal Weight rating on the shares. The firm adjusted targets in the multi-industry group, saying its estimates are not rising despite the PMI improvement in Q1 due to the “uneven nature of this industrial cyclical recovery.”