Amphenol price target raised to $85 from $75 at BofA

BofA raised the firm’s price target on Amphenol (APH) to $85 from $75 and keeps a Neutral rating on the shares after the company reported revenue and EPS that beat both guidance and Street estimates and raised calendar Q1 guidance above the Street view. The firm expects near-term trends to be muted in industrial and auto, offset by strength in IT datacom, the analyst tells investors.