Covea Finance and
SG Americas Securities LLC have reduced their holdings of
AMETEK, Inc (AME) shares. Yet, the
Czech National Bank increased its own.
TD Cowen downgraded AME stocks to
'Sell' from
'Hold' based on perceived limited upside. Analysts predict that AME may prove a lucrative pick for
long-term gains. AME's
Q2 earnings have exceeded estimates, prompting
Truist Financial to raise AME's price target to $219.00. Despite these positive results, AME's share price has fluctuated, with multiple gap-downs. Criticism of AME's share price occurring out of sync with earnings was voiced. AME's debt usage has been commended as sensible, and its persistent financial excellence despite market difficulties has been noted. Leadership changes, like the appointments of
John C. Henriques as VP of Corporate Development and
Rob Rideout Jr. as VP of Strategic Procurement, have been announced. However, AME's Q2 sales targets were not met. Notable investments include a $1.77 million position taken by
Scientech Research LLC., while CEO
David Zapico has offloaded 75,876 shares.
Ametek AME News Analytics from Thu, 28 Jun 2018 01:03:14 GMT to Sat, 12 Oct 2024 15:17:16 GMT -
Rating 0
- Innovation 0
- Information 10
- Rumor 2
