Ametek price target raised to $216 from $188 at RBC Capital

RBC Capital analyst Deane Dray raised the firm’s price target on Ametek to $216 from $188 and keeps an Outperform rating on the shares as part of a broader research note. The firm sees the company as being among the sector-best acquirers with an ROIC above the sector average and rising even as it allocates nearly all of its free cash flow to deals, the analyst tells investors in a research note.