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Fly News Breaks for November 16, 2015
APH
Nov 16, 2015 | 06:57 EDT
Goldman upgraded Amphenol to Buy from Neutral and raised its price target to $60 from $52 on shares. Analyst Mark Delaney believes Amphenol's margins will benefit from higher sales into military and auto, and lower sales for mobile devices, combined with lower commodity prices. Additionally, Amphenol is focusing on controlling expenses, and has a strong balance sheet and core competency of executing tuck-in acquisitions, according to the analyst.
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