Ametek elevated to ‘Best-of-Breed Bison’ at DA Davidson

DA Davidson elevated Ametek to the firm’s ‘Best-of-Breed Bison’ list while maintaining a Buy rating and $189 price target. The stock has a favorable scoring within the firm’s Bison framework, driven by its consistent, impressive execution, favorable long-term growth profile via a combination of secularly driven end markets and well regarded M&A practice, and a solid balance sheet that provides the company with ample capital deployment optionality, the analyst tells investors in a research note.