Ametek price target raised to $195 from $189 at DA Davidson

DA Davidson raised the firm’s price target on Ametek to $195 from $189 and keeps a Buy rating on the shares after its Q4 earnings beat. Despite some already-known, ongoing destocking with automation OEM customers and within certain areas of the medtech space, AME‘s business remains strong, led by a broad base of secularly-driven end markets, the analyst tells investors in a research note.