UPDATE: DA Davidson Initiates Neutral, $37 PT on Belden on Pressured Multiples
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
|Mar 2017||Seaport Global||Initiates Coverage On||Buy|
|Feb 2017||JP Morgan||Initiates Coverage On||Neutral|
|Dec 2016||Deutsche Bank||Initiates Coverage On||Buy|
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.