Amphenol price target raised to $102 from $90 at Truist

Truist analyst William Stein raised the firm’s price target on Amphenol (APH) to $102 from $90 and keeps a Buy rating on the shares. The company delivered a “great” Q4, reflecting upside in revenue, margins, and EPS that owed largely to its success in AI infrastructure, the analyst tells investors in a research note. Amphenol also continues to expect the Andrew acquisition to close in Q1, further spring-loading the model, Truist added.