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Stock impact report

Truist Raises Price Target on Amphenol Corporation (APH) After CommScope Deal [Yahoo! Finance]

Amphenol Corporation (APH) 
Last amphenol corporation earnings: 4/22 08:00 am Check Earnings Report
US:NYSE Investor Relations: amphenol.com/investors/finance_news
Company Research Source: Yahoo! Finance
Stein raised the price target on the stock to $182 from $180 and kept a “Buy” rating on the shares. The rating follows closure of Amphenol's acquisition of CommScope's Connectivity and Cable Solutions business. Amphenol recently announced that it has completed its previously announced acquisition of CommScope's Connectivity and Cable Solutions (CCS) business, adding significant fiber optic interconnect capabilities for the IT datacom and communications networks markets and a range of industrial interconnect products for the building infrastructure connectivity market. As per Truist's research estimates, this $10.5 billion acquisition, Amphenol's largest ever, is anticipated to expand Amphenol's sales by an estimated 17%. Amphenol's boasts an "excellent" track record with acquisitions, noted the analysts, highlighting how such deals not only help expand sales but also operating profit margins and return on invested capital. Truist's updated model reflects an estimated 4% earnings Show less Read more
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