BofA raised the firm’s price target on Amphenol to $117 from $115 and keeps a Buy rating on the shares. The IT Datacom end-market significantly beat management guidance in calendar quarters Q2, Q3 and Q4 for Amphenol, with all of the earnings upside driven by AI, and management noted the importance of high-speed connectivity in these AI applications, says the firm, which cites strong execution, improving margins, and a period of above trend growth for its Buy rating.
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Read More on APH:
- Amphenol price target raised to $106 from $100 at Baird
- Amphenol Announces Stock Purchase Agreement with Carlisle
- Amphenol acquisition of Carlisle’s CIT Group for $2.025B seento be accretive
- Carlisle to sell CIT unit to Amphenol in transaction valued at $2.025B
- Amphenol price target raised to $121 from $118 at Truist
