Amphenol rises after Jefferies assumes coverage with 'buy' rating

Amphenol

31/03/2026 16:07

Updates

** Shares of electronic gear maker Amphenol APH.N up 2.5% at $122.13

** Jefferies assumes coverage of the stock with "buy" rating and PT of $145

** New PT represents a 21.7% upside to the stock's last close

** Brokerage says the market is overly penalizing APH "on concerns that optics will cannibalize copper in AI racks"

** Notes copper will remain dominant for at least the next two years and views broader optics shift as a "late decade dynamic," giving APH sufficient time to adapt its product offerings

** Says market is underappreciating APH's order momentum, margin strength, diversified end-market exposure and attractive valuation

** 17 of 20 brokerages rate the stock "buy" or higher, 3 "hold"; median PT is $167.50 - LSEG data

** Including session's moves, stock down 9.4% YTD, compared with 6.3% decline in the S&P 500 .SPX

(Reporting by Ragini Mathur in Bengaluru)

((Ragini.Mathur@thomsonreuters.com;))