Amphenol price target raised to $90 from $85 at JPMorgan

JPMorgan raised the firm’s price target on Amphenol (APH) to $90 from $85 and keeps an Overweight rating on the shares. The firm says the company’s Q4 report “managed to calm down the overbearing magnitude of worries” that investors had around artificial intelligence heading into the quarter around execution and delays on the latest product ramp. It increased operating margin forecasts for Amphenol, led by expectations for consistent delivery of the “robust” incremental margins.