Truist analyst William Stein raised the firm’s price target on Belden to $103 from $93 and keeps a Buy rating on the shares. The company’s Q4 earnings beat and growth outlook reflect its ongoing positive transformation, the analyst tells investors in a research note. Belden’s execution is also becoming "surprisingly consistent", while the stock trades at a 3.5-turn discount to its peers on expected forward earnings basis, the firm adds.
Published first on TheFly
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