Loop Capital analyst Scott Graham raised the firm’s price target on Ametek to $164 from $160 and keeps a Buy rating on the shares. The analyst contends that many of the company’s businesses face secular trends and he sees "good visibility" on organic sales growth in 2023 and 2024. Graham adds that with price-cost expected to remain positive for Ametek, he believes there is strong support to his margin expansion forecasts in the next two years.
Published first on TheFly
