Amphenol price target lowered to $78 from $90 at UBS

UBS analyst Joseph Spak lowered the firm’s price target on Amphenol (APH) to $78 from $90 and keeps a Buy rating on the shares. The macro environment and tariffs will impact connector earnings, but UBS sees a track record of passing on costs, history of resiliency, and better mid-term stories, the analyst tells investors in a research note.