AMETEK Reaches Analyst Target Price
October 12, 2020 at 08:46 AM EDT
In recent trading, shares of AMETEK Inc (AME) have crossed above the average analyst 12-month target price of $106.56, changing hands for $106.94/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..