10 Best NYSE Stocks to Buy According to Wall Street Analysts

8. Amphenol Corporation (NYSE:APH)

Average Upside Potential: 46.97%

Amphenol Corporation (NYSE:APH) is one of the best NYSE stocks to buy according to Wall Street analysts. On May 5, Amphenol priced a dual-tranche offering of euro-denominated senior notes totaling €1.1 billion. The offering consists of €600 million in notes due 2029 with a 3.375% annual interest rate and €500 million in notes due 2034 at a 3.875% interest rate. The transaction is scheduled to close on May 12, contingent upon standard closing conditions.

The company plans to use the net proceeds from this offering to reduce its existing debt obligations. Specifically, the funds will be directed toward repaying borrowings under its US commercial paper program and its 364-day unsecured delayed draw term loan credit agreement. Remaining funds will be allocated toward general corporate purposes.

The offering is managed by a group of joint book-running managers, including Barclays, Citigroup, Commerzbank, and HSBC. The notes are being issued under an existing shelf registration statement previously filed with the SEC.

Amphenol Corporation (NYSE:APH) is an electric components company that deals in electrical, electronic, and fiber optic connectors through the Communications Solutions, Harsh Environment Solutions, and Interconnect & Sensor Systems segments.