Bank of America Downgrades Amphenol to Neutral

Analysts at Bank of America

downgraded shares of Amphenol to Neutral on Monday, saying that "near-term upside" is capped. They wrote, "Amphenol remains a high quality connector company that has executed well through business cycles and demonstrated an ability to quickly flex costs to preserve margins. However, shares trading near all time highs and at 16x C13 EPS already incorporate near term positive catalysts (strength in mobile devices) in our opinion." During Tuesday's trading session, APH has lost 1.40 percent but is trading off of its worst levels of the session. Year-to-date, the stock has risen almost 34 percent. The 52-week range in APH is $38.98 - $62.82. Bank of America has a $65.00 price target on the stock. Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems and coaxial and high-speed specialty cable.