Amphenol price target raised to $100 from $90 at BofA

BofA analyst Wamsi Mohan raised the firm’s price target on Amphenol to $100 from $90 and keeps a Buy rating on the shares. Amphenol reported a Q2 revenue and EPS beat from strong execution and incremental margins, while its Q3 outlook was inline with the Street view, the analyst tells investors. The firm, which is raising estimates, is also using a higher multiple to account for the better growth and margin trajectory and a higher market multiple.