Amphenol price target raised to $126 from $102 at Truist, buy weakness

Truist analyst William Stein raised the firm’s price target on Amphenol (APH) to $126 from $102 and keeps a Buy rating on the shares. The firm recommends buying the weakness following another “impressive” quarter and outlook, telling investors in a research note that the stock’s negative reaction was caused by its lower sequential outlook in AI revenues, but the company’s position in that market is strong and stable.