UPDATE: Jefferies Raises PT on Amphenol Following In-Line Q2 Results

In a report published Monday, Jefferies analyst James Kisner reiterated a Hold rating on Amphenol APH, and raised the price target from $70.00 to $75.00.

In the report, Jefferies noted, “Amphenol reported Q2 in-line with Consensus. Guidance was disappointing driven by a shortfall in Tablet demand; the company chooses not to disclose how much of Mobile Devices is comprised of Tablets. While we continue to have respect for the company's historically strong execution, we think greater transparency would help us be more constructive on the name.”

Amphenol closed on Friday at $76.78.