KeyBanc Downgrades Amphenol (APH) to Hold; Valuation Call After Recent Run
Tweet Send to a FriendGet Alerts APH Hot Sheet
Price: $77.64 --0%
Rating Summary:
4 Buy, 6 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 8
Rating Summary:
4 Buy, 6 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 8
Trade APH Now!
KeyBanc downgraded Amphenol (NYSE: APH) from Buy to Hold.
Analyst, Anthony Kure, said, "We are downgrading shares to HOLD as the stock has nearly achieved our former $59 price target, and we find it more challenging at current price levels to aggressively suggest "new money" move into the name. Investors with a large-cap growth orientation and a longer-term time horizon may be well-served owning shares of this high quality name, but we believe investors will be best served to wait for a better entry point at a more conservative valuation, possibly in the context of a scenario where demand visibility for defense, broadband and wireless infrastructure spending becomes more apparent."
Kure maintains FY12/13 EPS estimate of $3.30/3.64.
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 $58.51 yesterday, with a 52 week range of $38.98-$61.84.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Anthony Kure, said, "We are downgrading shares to HOLD as the stock has nearly achieved our former $59 price target, and we find it more challenging at current price levels to aggressively suggest "new money" move into the name. Investors with a large-cap growth orientation and a longer-term time horizon may be well-served owning shares of this high quality name, but we believe investors will be best served to wait for a better entry point at a more conservative valuation, possibly in the context of a scenario where demand visibility for defense, broadband and wireless infrastructure spending becomes more apparent."
Kure maintains FY12/13 EPS estimate of $3.30/3.64.
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 $58.51 yesterday, with a 52 week range of $38.98-$61.84.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Stifel Nicolaus Downgrades Amphenol (APH) to Hold
- Goldman Sachs Downgrades InterXion Holding (INXN) to Neutral
- Jefferies Downgrades First Republic Bank (FRC) to Hold
Create E-mail Alert Related Categories
DowngradesRelated Entities
KeyBanc
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
