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Truist Securities analysts raised their price target for Belden (NYSE:BDC) to $119 from $101, while maintaining a Buy rating on the stock. The analysts noted th

Truist Securities Boosts Belden’s Price Target

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Truist Securities analysts raised their price target for Belden (NYSE:BDC) to $119 from $101, while maintaining a Buy rating on the stock. The analysts noted that Belden's solution selling approach is effectively maintaining revenue and margin performance despite a challenging market environment.

After hosting investor meetings with Belden's CEO and Investor Relations team, the analysts highlighted several key points: the solution selling strategy is proving effective, the Precision Optical acquisition is expected to close by the end of Q2 and will enhance opportunities in the Broadband market, and Belden has the necessary capital and operational capability to pursue further acquisitions. There were no changes to the EPS estimates.

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