Amphenol price target raised to $90 from $82 at BofA

BofA raised the firm’s price target on Amphenol to $90 from $82 and keeps a Buy rating on the shares. Amphenol, which has “delivered strong execution in recent quarters,” guided for fiscal Q2 expecting most segments to be flat or see modest increases with double-digit declines in Mobile devices and networks, but the firm thinks the company’s estimates are “conservative.” The firm cites higher confidence in organic growth, strong execution and stable margins for its Buy rating and increased target.