Baird lowered the firm’s price target on Amphenol to $94 from $97 and keeps an Outperform rating on the shares. The firm said they reported very solid 3Q23 results, including better-than-expected sales, excellent operating leverage, and 4Q23 guidance bracketing their estimate/consensus.
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Read More on APH:
- Amphenol sees FY23 adjusted EPS $2.94-$2.96, consensus $2.92
- Amphenol sees Q4 adjusted EPS 75c-77c, consensus 76c
- Amphenol reports Q3 adjusted EPS 78c, consensus 74c
- APH Earnings this Week: How Will it Perform?
- Amphenol added to ‘Tactical Outperform’ list at Evercore ISI
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