Evercore ISI analyst Amit Daryanani is closing the tactical outperform call on Amphenol and removing the stock from the firm’s “Tactical Outperform” list as the analyst thinks the prior thesis has played out following a strong print in a difficult macro backdrop. The stock up 2% post fiscal Q3 as Amphenol reported $3.20B in revenue, which was better than consensus estimates, the analyst noted. Evercore has an Outperform rating and $95 price target on Amphenol shares.
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Read More on APH:
- Amphenol price target lowered to $97 from $101 at Truist
- Amphenol price target lowered to $94 from $97 at Baird
- 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
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