Amphenol price target raised to $106 from $100 at Baird

Baird raised the firm’s price target on Amphenol to $106 from $100 and keeps an Outperform rating on the shares. The firm said its growth glidepath, and Industrial/Mobile Devices present improving optionality 2H24. Solid acquired growth tailwinds are also notable in 2024 and so they remain bullish on improving earnings momentum at the company, but are better buyers on weakness.