Amphenol (APH) PT Raised to $72 at Stifel Following Solid 1Q

Stifel raised its price target on Amphenol (NYSE: APH) to $72.00 (from $64.00) while maintaining a Hold rating. 1Q revenue and adjusted EPS of $1.56bn and $0.71, respectively beat estimates of $1.52bn and $0.66 which were roughly in line with Consensus. Both revenue and EPS were above the high end of guidance.

For the June quarter, Amphenol expects revenue and EPS of $1.58bn-$1.62bn (up 2.6% q/q at midpoint) and $0.70-$0.72, respectively, compared to Stifel's prior estimates of $1.58bn and $0.69. Consensus was at $1.60bn and $0.71.

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