Amphenol price target raised to $136 from $121 at Truist

Truist analyst William Stein raised the firm’s price target on Amphenol to $136 from $121 and keeps a Buy rating on the shares after its Q1 earnings beat. With a cyclical upturn “now clear”, most of the company’s end markets surprising to the upside, and a large acquisition about to close, the firm is “leaning into” its constructive long-term view on the stock, the analyst tells investors in a research note.