Truist raised the firm’s price target on Belden to $79 from $75 and keeps a Buy rating on the shares. The analyst notes that the firm has recently led a small investor group visit to BDC‘s Customer Innovation Center, and Truist contends that Belden’s presentations, demonstrations, and Q&A all suggest that CICs and solution selling will generate higher and more stable revenue growth at higher profitability.
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Read More on BDC:
- Matterport, Belden enter global alliance to digitize built environments
- Belden price target lowered to $90 from $105 at Loop Capital
- Belden sees Q3 adjusted EPS $1.05-$1.20, consensus 41.62
- Belden reports Q3 adjusted EPS $1.78, consensus $1.76
- BDC Earnings Report this Week: Is It a Buy, Ahead of Earnings?
