Ametek price target raised to $275 from $265 at Truist

Truist raised the firm’s price target on Ametek (AME) to $275 from $265 and keeps a Buy rating on the shares. The firm cites the company’s Q1 earnings beat while noting that its implied incremental margins of core business were 50% despite the macro and tariff challenges as Ametek continues to “deliver nearly flawlessly”. Ametek’s organic orders increased 22%, accelerating from a 7% increase in Q4, reflecting strength in aerospace and defense, automation and engineered solution markets, the analyst tells investors in a research note.