Amphenol (APH) PT Raised to $63 at TD Cowen

TD Cowen analyst Joseph Giordano raised the price target on Amphenol (NYSE: APH) to $63.00 (from $60.00) while maintaining a Hold rating.

The analyst commented, "We can debate valuation (and we have), but as long as organic growth stays at/near these double-digit levels and book to bill is >1 shares will likely have support. The AI story strong - duration becomes the question but not seeing slowing yet. When it does, the multiple likely changes, but we're not there and APH continues to execute."

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