UPDATE: Deutsche Bank Reiterates Buy Rating, Raises PT on Amphenol Corporation

In a report published Friday, Deutsche Bank reiterated its Buy rating on Amphenol Corporation APH, and raised its price target from $73.00 to $76.00. Deutsche Bank noted, “Solid results in a tough environment, remains top pick in 2013. Economic uncertainty continues to have an impact on APH's results, yet despite challenges in some of its end markets, APH was able to deliver a modestly better Q and guide FY-13 a bit higher. After raising our estimates and price target on APH at the beginning of the year, we are again increasing our estimates and PT, driven by the company's solid execution and our view that end demand will get better in C2H-13. Due to solid growth, industry leading margins, and a consistent track record, APH remains one of our favorite stocks in 2013. Maintain Buy.” Amphenol Corporation closed on Thursday at $67.83.