Ametek price target raised to $265 from $246 at Truist

Truist raised the firm’s price target on Ametek (AME) to $265 from $246 and keeps a Buy rating on the shares. The company reported another solid quarter with total sales up 13% y/y, organic growth up 5%, acquisitions adding 7 points and FX a 1-point benefit, the analyst tells investors in a research note.