Baird analyst Richard Eastman lowered the firm’s price target on Ametek to $171 from $173 and keeps a Neutral rating on the shares. The firm said thye posted a 1Q EPS beat, but Q2 sales tracks below consensus expectations, making 2024 feel more 2H weighted, along with perhaps shedding some of the ‘conservative’ aura typically presumed in the company’s outlook.
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Read More on AME:
- Ametek raises FY24 EPS view to $6.74-$6.86 from $6.70-$6.85, consensus $6.84
- Ametek sees Q2 EPS $1.63-$1.65, consensus $1.67
- Ametek reports Q1 adjusted EPS $1.64, consensus $1.59
- AMETEK Announces Record First Quarter Results and Raises 2024 Guidance
- AME Earnings Report this Week: Is It a Buy, Ahead of Earnings?
