Amphenol price target raised, added to ‘Tactical Outperform’ list at Evercore

Evercore ISI raised the firm’s price target on Amphenol (APH) to $110 from $105 and keeps an Outperform rating on the shares, which the analyst is adding to the firm’s “Tactical Outperform” list ahead of the company’s report due on July 23. The firm, which argues that the company historically has navigated macro volatility “much better” than peers, thinks Amphenol should report upside to Street estimates for the June-end quarter given higher AI ramps and continual strength in traditional IT/Datacom and military and aerospace, the analyst tells investors.