Amphenol price target raised to $145 from $125 at JPMorgan

JPMorgan raised the firm’s price target on Amphenol (APH) to $145 from $125 and keeps an Overweight rating on the shares. The firm upped the company’s estimates to reflect “robust demand” across the information technology and datacom end markets. These have increasingly become the key driver of growth for Amphenol, the analyst tells investors in a research note. JPMorgan sees robust demand continuing as hyperscalers continue to deploy dense compute racks that include significant content relative to connectors.