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September sees a continued decline in China’s industrial profits, reports Reuters

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September sees a continued decline in China’s industrial profits, reports Reuters

China’s industrial profits took a sharp nosedive in September, marking the largest monthly decline of the year, according to official data released on Sunday. The profits plummeted by 27.1% compared to the same period last year, following a 17.8% drop in August. In the first nine months of the year, earnings fell by 3.5%, a … Read more

Investing.com rates Amphenol stock as a Hold, driven by continued AI momentum boosting share value

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Investing.com rates Amphenol stock as a Hold, driven by continued AI momentum boosting share value

On Friday, TD Cowen updated its outlook for Amphenol (NYSE:APH), raising the price target on the company’s shares to $63.00 from the previous $60.00. The firm retained a Hold rating on the stock. The adjustment comes amid recognition of the company’s sustained organic growth and solid booking-to-billing ratios. The analyst from TD Cowen highlighted Amphenol’s … Read more