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Fly News Breaks for April 2, 2019
Apr 2, 2019 | 07:11 EDT
SunTrust analyst William Stein upgraded Amphenol to Buy from Hold and raised his price target to $112 from $89, telling investors in a research note that in a world of uncertainty, Amphenol offers more dependable upside. With trade conflict, China growth, global auto production, and channel inventory still challenging semi/component growth in 2019, Stein believes Amphenol has established conservative 2019 guidance, and has likely upside from M&A.