Amphenol price target raised to $130 from $125 at Evercore ISI

Evercore ISI raised the firm’s price target on Amphenol to $130 from $125 and keeps an Outperform rating on the shares. Amphenol remains a top pick across the analyst’s coverage as the firm views the company as positioned to see sustained revenue acceleration through calendar 2024 and potentially into 2025 with upside from AI ramps, CIT transaction, an industrial recovery and the iPhone cycle, the analyst tells investors.