Amphenol initiated with an Outperform at Credit Suisse

Credit Suisse analyst Guy Hardwick initiated coverage of Amphenol with an Outperform rating and $93 price target. The manufacturer of interconnect products and sensors is "the right industrial tech stock to own in a backdrop of slowing global industrial production," contends Hardwick, who expects organic sales growth to outperform global industrial production by 12% in 2022 and 7% in 2023.