J.P. Morgan Raises Price Target On Amphenol (APH)

J.P.Morgan Chase & Co is raising its price target on Amphenol APH to $47.50 from $46, after meeting with the company's CFO. In a note to clients, J.P. Morgan writes, "We believe military/aerospace (19% of Q2 revenue) and industrial (13% of Q2) demand as been unusually strong through the first 2 months of Q3 as APH may have not experienced a normal seasonal summer slowdown." Shares of APH jumped yesterday, gaining $3.18 to end the day at $43.90.