@UndyingValue 3 weeks ago
Barclays raises APH target to $175, sees buying opportunity after pullback
Barclays raises APH target to $175, sees buying opportunity after pullback
Barclays raised their price target on Amphenol (APH) to $175 from $156. The analyst kept an Overweight rating, noting that the recent stock drop after a weak Q1 outlook created a good entry point. They pointed to a record order backlog of $8.4B as evidence of strong demand.
The company also recently closed its acquisition of CommScope's connectivity business. This unit is expected to generate about $4.1 billion in sales by 2026.
finance.yahoo.com
| Barclays Sees Recent Pullback Creating an Entry Point in Amphenol (APH)
@IsabelLynn 3 weeks ago
it's hard to ignore a company with over eight billion in orders waiting to be filled. amphenol seems like they're positioning themselves really well for the next few years.
