Ametek price target raised to $186 from $166 at Baird

Baird analyst Richard Eastman raised the firm’s price target on Ametek (AME) to $186 from $166 and keeps a Neutral rating on the shares. The firm said its 3Q’s margin driven EPS beat, in-line guide and quarter-over-quarter upturn in total orders seemed to inspire the company’s +8.5% move on the print, despite 3Q sales shortfall versus estimates.