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

Citi raised the firm’s price target on Amphenol (APH) to $85 from $75 and keeps a Buy rating on the shares. The company reported an :outstanding beat and guided much higher,” the analyst tells investors in a research note. The firm says the sales beat was driven by better than expected momentum across several of Amphenol’s end markets. Citi continues to see Amphenol as best positioned in its coverage to navigate the uncertainty given its limited impact from tariffs, diversified end markets and recently closed accretive acquisitions.