Amphenol price target raised to $124 from $121 at BofA

BofA raised the firm’s price target on Amphenol to $124 from $121 and keeps a Buy rating on the shares after the company reported revenue and EPS that beat both guidance and Street estimates. Following the report, the firm is raising EPS estimates and reiterates its Buy rating, citing strong execution, improving margins, positive estimate revisions and potential for AI driven upside.