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Investing.com - TD Cowen upgraded Ametek Inc. (NYSE:AME) from Sell to Hold on Tuesday, raising its price target to $180.00 from $158.00. Currently trading at $184.80, Ametek maintains a "GOOD" financial health score according to InvestingPro analysis, with analyst targets ranging from $158 to $225.
The upgrade comes as the research firm noted that negative conditions it had previously identified when downgrading the stock have largely materialized and are now beginning to improve.
TD Cowen specifically highlighted FARO as a good opportunity within Ametek’s portfolio, citing ongoing cost reduction measures that should benefit the company.
The firm maintained a cautious stance on overall order trends, indicating that improved orders are necessary for Ametek to meet consensus expectations.
TD Cowen concluded that company-specific negative catalysts have run their course, making a neutral position on the stock more appropriate at this time.
In other recent news, AMETEK Inc. reported impressive financial results for the second quarter of 2025, surpassing analyst expectations. The company achieved an earnings per share (EPS) of $1.78, exceeding the forecasted $1.69. Additionally, AMETEK reported revenue of $1.78 billion, which was higher than the anticipated $1.73 billion. These results highlight the company’s strong performance and positive outlook. Alongside these earnings announcements, AMETEK’s Board of Directors declared a regular quarterly dividend of $0.31 per share for the third quarter. The dividend will be payable on September 30, 2025, to shareholders of record as of September 15, 2025. These developments reflect AMETEK’s commitment to delivering value to its shareholders.
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