35 AI News and Ratings You Should Not Miss

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20. Amphenol Corporation (NYSE:APH)

Number of Hedge Fund Holders: 72 

Amphenol Corporation (NYSE:APH) specializes in designing, manufacturing, and marketing electrical, electronic, and fiber optic connectors. On October 23. Bank of America analyst Wamsi Mohan raised the price target on the stock to $74 from $70 and kept a Neutral rating on the shares. Amphenol had a strong quarter, with both revenue and EPS beating guidance and Street estimates, and Q4 and the fiscal year outlook was guided conservatively, the advisory told investors in a research note. CapEx stepped up meaningfully and could reflect the company’s confidence in AI orders into 2025, the note underlined, adding that $2 billion in incremental revenues at 35% incremental margins could drive significant upside to consensus in EPS, but the advisory isn’t ready to underwrite this notion as of yet given view of continued design changes at some large programs.

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