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Ametek downgraded to Peer Perform from Outperform at Wolfe Research
The Fly

Ametek downgraded to Peer Perform from Outperform at Wolfe Research

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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