Ametek price target raised to $185 from $180 at Wells Fargo

Wells Fargo raised the firm’s price target on Ametek to $185 from $180 and keeps an Overweight rating on the shares. The firm says Q2 results are reflective of Ametek’s strong operational execution, returns focused investment, and disciplined acquisition strategy, which continues to enhance the portfolio and should drive outperformance vs. peers.