Amphenol (APH) plans to acquire Trexon in a deal that would add 1.3% to sales and EPS over time, Truist tells investors in a research note. The firm says acquisitions are Amphenol’s highest-return use of cash, and views acquisitions as positive for the stock. Truist reiterates a Buy rating and $126 price target
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on APH:
- Amphenol to acquire Trexon for $1B in cash
- Credo Technology, Amphenol settle patent infringement disputes
- CommScope price target raised to $20 from $12 at Northland
- CommScope Stock (COMM) Soars 80% on $10.5B Deal
- Amphenol’s Strategic Acquisition of CCS Boosts Growth Prospects and Financial Performance