Amphenol price target adjusted to $66 from $112 at Stifel after stock split

Stifel analyst Matthew Sheerin lowered the firm’s price target on Amphenol to $66 from $112 and keeps a Hold rating on the shares. The firm is adjusting forward estimates on Amphenol to reflect the recently closed acquisition of Carlisle Interconnect Technologies, or CIT, as well as for the recent 2-for-1 stock split. The firm’s new model reflects a $620M revenue contribution from CIT this year and a penny of EPS accretion, the analyst noted.