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

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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
Mar 2017Seaport GlobalInitiates Coverage OnBuy
Feb 2017JP MorganInitiates Coverage OnNeutral
Dec 2016Deutsche BankInitiates Coverage OnBuy

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

 

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