Amphenol price target raised to $124 from $123 at Baird

Baird analyst Luke Junk raised the firm’s price target on Amphenol to $124 from $123 and keeps an Outperform rating on the shares. The firm said they posted a beat and raise as eaccelerating auto outgrowth was a highlight, but even more important was further AI strength, which continues to grow in a step-function fashion.