Jefferies analyst Stephen Volkmann upgraded Amphenol (APH) to Buy from Hold with a price target of $145, down from $150, after assuming coverage of the name. Amphenol is a leading connector supplier with 45% exposure to data center and defense, the analyst tells investors in a research note. The firm says the shares are trading at a near three-year low valuation after dropping 8.5% year-to-date. Jefferies is confident in its above-consensus sales estimates through 2028.
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