Belden price target raised to $120 from $115 at Benchmark

Benchmark raised the firm’s price target on Belden to $120 from $115 and keeps a Buy rating on the shares following the company’s analyst day. At the event, the company maintained its “bullish” $8 EPS target for 2025, updated its long-term targets and showcased the progress executing against its strategic initiatives, the analyst tells investors. The company’s enhanced go-to-market strategy is clearly driving meaningful momentum, the analyst added.