Amphenol price target raised to $101 from $93 at Truist

Truist analyst William Stein raised the firm’s price target on Amphenol to $101 from $93 and keeps a Buy rating on the shares after its Q2 earnings beat and “conservative” in-line outlook. The firm is positive on the stock’s long-term compound growth opportunity and near-term superior execution through an otherwise volatile semi/components cycle, the analyst tells investors in a research note.