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Without a more established base look for AME to retest the $44 area.
Once highly dependable, the company is now a serial underperformer in its industry and badly needs a change.
There may be room for oil and gas-exposed industrials to see further upside in 2016, according to RBC Capital Markets analyst, but some may fail to wow us further.
Ametek (AME) stock price target was lowered to $58 from $60 at BMO Capital after the company posted its 2016 first quarter results yesterday.
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