TD Cowen lifts Ametek to 'buy' rating on growth prospects

TD Cowen upgrades rating on industrial tools maker Ametek AME.N to "buy" from "hold," lifts PT to $230 from $180

New PT an upside of 11.5% from the stock's last close

Brokerage says co is performing well, supported by steady utility markets, fast-growing commercial aerospace and improving medical and automation business

AME's electromechanical unit is set for steady gains in 2026, positioning it well if the economy turns more cyclical, says TD Cowen

Brokerage says FARO Technologies deal marks a positive turnaround after challenges with Paragon deal

11 of 19 brokerages rate the stock "buy" or higher, 8 "hold"; their median PT is $230- data compiled by LSEG

As of last close, shares up 14.4% YTD