Fly News Breaks for June 6, 2019
Jun 6, 2019 | 07:46 EDT
Evercore ISI analyst Amit Daryanani started Amphenol with an Outperform rating and $102 price target, saying he views the company as a core mid-cap holding given its potential to sustainably sustain double-digit annual revenue growth and mid-to-high teens EPS growth for the next several years driven by its industry-leading operating structure and entrepreneurial culture. Long term, the analyst thinks Amphenol can sustainably deliver 1.5-2.0x industry average growth, with the market outperformance driven by share gains, M&A and better end-market mix.
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