UPDATE: Canaccord Genuity Initiates Coverage on Belden with Buy Rating, $62 PT on Three-Year ROIC Goal - Belden (NYSE:BDC)

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

In a report published Thursday, Canaccord Genuity analyst John Quealy initiated coverage on Belden (NYSE: BDC) with a Buy rating and $62.00 price target.In the report, Quealy noted, “Belden is capitalizing on the advancement of digital networking technology, especially within energy and industrial end markets. Coupled with its core connectivity business, we find the company's three-year ROIC goal of 15-17% (from ~13%) to be attractive and achievable.”Belden closed on Wednesday at $51.81.

20-Year Pro Trader Reveals His "MoneyLine"

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