Evercore ISI is adding Amphenol to the firm’s “Tactical Outperform” list ahead of the company’s March-end quarter results announcement as the firm thinks the company is positioned to report upside versus current Street estimates. The firm think Amphenol’s June-end quarterly guidance should track in-line with consensus calling for mid single-digit quarter-over-quarter growth, while calendar year 2024 estimates should move moderately higher to reflect Q1 upside, added the analyst, who has an Outperform rating and $125 price target on Amphenol shares.
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