Analyst Joseph C Giordano of TD Cowen maintained a Sell rating on Ametek (AME – Research Report), with a price target of $158.00.
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Joseph C Giordano has given his Sell rating due to a combination of factors including Ametek’s modestly lowered growth projections and expectations for 2025, which fall below his model’s forecasts. Despite some potential achievability, the growth remains uninspiring, especially with less than 5% anticipated growth in the first year after their largest deal. While the cyclical markets may be nearing a bottom, there is an absence of strong evidence pointing towards a real acceleration. Furthermore, although there is a year-over-year increase in orders, the quarter-over-quarter comparison shows a decline.
Based on the recent corporate insider activity of 85 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AME in relation to earlier this year.