Ametek price target raised to $205 from $195 at KeyBanc

KeyBanc analyst Steve Barger raised the firm’s price target on Ametek (AME) to $205 from $195 and keeps an Overweight rating on the shares. The firm notes shares outperformed following its Q2 results and conference call. KeyBanc thinks that was driven by Ametek’s beat vs. consensus and increased guide to mid-single-digit total growth from low-single-digit prior. The company is seeing strength or recovery in almost all end markets, with particular strength in A&D from Commercial OEMs and from Paragon.