Ametek price target raised to $210 from $200 at Seaport Research

Seaport Research raised the firm’s price target on Ametek to $210 from $200 and keeps a Buy rating on the shares. The firm recently checked in on Ametek on bookings, sales, margins, and acquisitions, and walked away positive, believing sales strategies are working, the analyst tells investors. The firm expects bookings to resume growth in 2H of 2024 and believes productivity is on track.