UPDATE: Cantor Fitzgerald Initiates Coverage on Amphenol on Full Valuation, Limited Upside Potential

In a report published Friday, Cantor Fitzgerald analyst Brian J. White initiated coverage on Amphenol Corporation APH with a Hold rating and $80.00 price target. In the report, Cantor Fitzgerald noted, “We are initiating coverage of Amphenol with a HOLD rating and 12-month price target of $80.00. Amphenol is recognized as the #2 interconnect vendor in the world with an industry-leading margin profile and an attractive growth track record. We view Amphenol as one of the highest quality stocks in the tech supply chain and an excellent integrator of acquisitions; however, we believe the valuation is full and the stock currently offers limited upside potential.” Amphenol Corporation closed on Thursday at $78.68.