Ametek price target raised to $176 from $165 at KeyBanc

KeyBanc analyst Steve Barger raised the firm’s price target on Ametek to $176 from $165 and keeps an Overweight rating on the shares following Q2 results. In Q2, Ametek delivered solid revenue and a 5% EPS beat, as demand across most end markets remains strong and supply chain disruptions are modestly improving, leading to a 3% raise in its FY23 EPS outlook.