Wolfe Research analyst Nigel Coe downgraded Ametek to Peer Perform from Outperform without a price target. The analyst is making "purely a valuation call." Trading at a 20% premium to an "expensive" multi-industry group and with the stock now rich versus higher quality "compounders," Ametek’s risk/reward warrants a downgrade, the analyst tells investors in a research note.
Published first on TheFly
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