TD Cowen analyst Jim Suva lowered the firm’s price target on Amphenol to $70 from $75 and keeps an Outperform rating on the shares. The analyst said he sees downside risk to 2H23 and 2024 consensus as end-markets like IT/datacom, mobile device, and mobile network move to lower run-rates and markets like industrial begin to decline. He called it a tactical short idea despite it being a great company.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on APH: