Ametek downgraded to Sell from Hold at TD Cowen

TD Cowen downgraded Ametek to Sell from Hold. The EIG segment has been on a decelerating organic path since early 2023 and was flat in Q2, notes the analyst, who also points out that in prior cycles, when EIG goes negative, it tends to stay there for four to six quarters. The firm sees potential downside to 2025 estimates and notes that the company recently completed their largest ever deal in Paragon medical, adding that the firm’s diligence suggests initial struggles could “linger longer than anticipated.”