Truist Financial Reiterates a Buy Rating for Amphenol Corporation (APH)

Amphenol Corporation (NYSE:APH) is one of the best stocks to invest in right now. On September 23, Truist Financial analyst William Stein reiterated a Buy rating on Amphenol Corporation (NYSE:APH) and set a price target of $123.69.

Amphenol Corporation (NYSE:APH) announced on August 18 that it signed a definitive agreement to acquire Trexon for approximately $1 billion in cash, with the transaction subject to customary post-closing adjustments.

Management reported that Trexon is anticipated to have 2025 sales and EBITDA margins of approximately $290 million and 26%, respectively.

Amphenol Corporation (NYSE:APH) is involved in the design, marketing, and manufacture of electrical, electronic, and fiber optic connectors, antennas, interconnect systems, sensors and sensor-based products, and specialty cable.

The company’s operations are divided into the following segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.

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Disclosure: None. This article is originally published at Insider Monkey.