Amphenol (APH) stock jumps 6% as Goldman lifts target and company tees up ADC India open offer
Amphenol shares jumped 6.4% to $156.13 after the company filed an open offer to buy 26% of ADC India, following its $10.5 billion CommScope deal. Goldman Sachs, BofA, and UBS raised price targets, citing strong data-center demand. The open offer totals about $16.4 million if fully accepted. Investors await Amphenol’s Jan. 28 earnings call for updates on integration and order trends.