Belden price target raised to $123 from $119 at Truist

Truist raised the firm’s price target on Belden to $123 from $119 and keeps a Buy rating on the shares. The company’s completed Precision Optical acquisition will enhance Belden’s ability to transition from selling products to solutions in its Broadband end market, the analyst tells investors in a research note. The firm is updating its model to reflect the financial impact of the transaction, also raising its 2025 EPS view by 20c to $7.67.