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UPDATE: DA Davidson Initiates Neutral, $37 PT on Belden on Pressured Multiples

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D.A. Davidson Reiterates Neutral, Raises Price Target On Belden Following Q4 EPS Report

DA Davidson initiates Belden (NYSE: BDC) with a Neutral rating and a price target of $37.

DA Davidson notes, " We are initiating coverage with a NEUTRAL rating and $37 price target. Belden is an attractive long-term story with intriguing themes. However, we believe multiples could remain under pressure as concerns regarding Europe weigh on the shares."

BDC closed at $32.62 on Thursday.

Latest Ratings for BDC

DateFirmActionFromTo
Jul 2015Canaccord GenuityMaintainsBuy
Apr 2015SunTrust Robinson HumphreyMaintainsBuy
Apr 2015Stifel NicolausMaintainsBuy

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Posted-In: DA DavidsonAnalyst Color Price Target Initiation Intraday Update Analyst Ratings

 

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