Ametek price target raised to $246 from $229 at Truist

Truist raised the firm’s price target on Ametek (AME) to $246 from $229 and keeps a Buy rating on the shares after its Q3 beat on better sales, margins, and adjusted EPS. By segment, EMG – Electromechanical Group – had an exceptional quarter, with total sales up 13% y/y and organic sales up 12% y/y, with growth seen as broad-based across all EMG businesses in Q3, the analyst tells investors in a research note.