Ametek Shares Rise 2.50% in Two Days, Trading Volume Ranks 490th in Market Activity

Ametek (AME) shares rose 1.52% on April 14, 2025, marking the second consecutive day of gains, with a total increase of 2.50% over the past two days. The trading volume was 1.83 billion, down 42.13% from the previous day, ranking 490th in the day's market activity.

Morgan Stanley has initiated coverage of Ametek with an Equal-Weight recommendation and a price target of $170. The firm highlights the company's "flywheel" as an attractive and durable aspect of its business model. This move by Morgan Stanley comes as part of a broader coverage initiation on several industrial technology companies, including Dover and Watsco, both of which also received Equal-Weight ratings.

Christopher Snyder, an analyst at Morgan Stanley, has provided further insights into the coverage initiation. Snyder emphasizes the stability and reliability of Ametek's business, which is reflected in the Equal-Weight rating and the $170 price target. This rating suggests that while Ametek is a solid investment, it may not outperform the broader market significantly in the near term.