Evercore ISI analyst Amit Daryanani raised the firm’s price target on Amphenol to $125 from $110 and keeps an Outperform rating on the shares. The firm, which expects tailwinds in 2024 from growth resumption in key markets further compounded by M&A tailwinds from already announced deals, argues that Amphenol’s “unique combination of agility, diversity and global scale remains a key differentiator” that should enable continued mid-teens EPS growth with limited volatility.
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