UBS Maintains a 'Neutral' on Amphenol (APH); Raising Estimates and Price Target

April 19, 2012 1:13 PM EDT Send to a Friend
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Price: $48.83 +1.71%

Rating Summary:
    3 Buy, 10 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 24 | Down: 28 | New: 14
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UBS maintains a 'Neutral' on Amphenol (NYSE: APH) price target raised from $55 to $60.

Analyst, Amitabh Passi, said, "1Q (revs up 3.5% q/q, 4.4% y/y, or 1.3% q/q and flat y/y organically), we raise our CY12 Rev/EPS estimates slightly to $4.16b/$3.35 from $4.11b/$3.29. Adjusting for acqs, we foresee CY12 revenues up ~2% org. y/y, vs. flat org. growth y/y in 1Q12. We forecast 2h/1h rev growth of 5%, in-line with APH guidance, and compared to double digit growth in 5 of the past 8 yrs. While there could be upside to FY estimates, we believe current guidance is prudent this early in the year."

For an analyst ratings summary and ratings history on Amphenol click here. For more ratings news on Amphenol click here.

Shares of Amphenol closed at $58.09 yesterday.


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