Amphenol price target lowered to $87 from $91 at Baird

Baird analyst Luke Junk lowered the firm’s price target on Amphenol to $87 from $91 and keeps an Outperform rating on the shares. The analyst said we encourage longer-term investors to look through current weakness, noting the stock’s strong track record of outperformance since 2000. Net, we continue to view Amphenol as a core growth holding, and see opportunity in weakness.