Ametek price target raised to $257 from $229 at RBC Capital

RBC Capital raised the firm’s price target on Ametek (AME) to $257 from $229 and keeps an Outperform rating on the shares. The company’s “excellent” earnings quality was evident in 5% organic growth, seasonally solid 132% free cash flow, 23% incrementals, and 30% New Product Introduction, the analyst tells investors in a research note.