Citigroup Expects Amphenol And Avnet To Beat EPS Expectations

In Citigroup's 2010 Supply Chain Playbook and 3Q Preview, the company said that it does not expect any of the listed companies – which includes Tyco Electronics Ltd. TEL and Flextronics International Ltd. FLEX – to miss their EPS expectations. Citigroup does, however, expect two companies to beat their expectations: Amphenol Corporation APH and Avnet, Inc. AVT. “At current levels, the S&P Industrials are trading at 14.2x FTM EPS estimates,” Citigroup writes, noting that Avnet's price target is $36. The company's price target for Amphenol is $56. Avnet currently trades for $27.63; Amphenol trades for $49.44; Flextronics trades for $6.13; and Tyco trades for $30.68.