Amphenol removed from ‘Tactical Outperform’ list at Evercore ISI

Evercore ISI analyst Amit Daryanani is closing the tactical outperform call on Amphenol and removing the stock from the firm’s “Tactical Outperform” list as the analyst thinks the prior thesis has played out following a strong print in a difficult macro backdrop. The stock up 2% post fiscal Q3 as Amphenol reported $3.20B in revenue, which was better than consensus estimates, the analyst noted. Evercore has an Outperform rating and $95 price target on Amphenol shares.