Amphenol stock pops after $10.5B CommScope CCS deal closes — what to watch next
Amphenol shares rose 3.5% to $145.11 after the company closed its $10.5 billion cash acquisition of CommScope’s Connectivity and Cable Solutions business. Barclays upgraded Amphenol to Overweight and raised its price target to $156. Investors await January 28 results for integration updates. Amphenol expects CCS to add $4.1 billion in sales by 2026.