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Amphenol price target raised to $70 from $63 at TD Cowen

TD Cowen raised the firm’s price target on Amphenol (APH) to $70 from $63 and keeps a Hold rating on the shares. The firm said the AI ramp has been incredible, and numbers keep moving higher. At some point the quarter over quarter ramp will slow or reverse, and it will be a problem, but not now.

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