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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on APH:
- Amphenol price target raised to $117 from $115 at BofA
- 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
