UBS Initiates Coverage On Belden with Buy Rating, Announces Price Target of $115
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Robert Jamieson has initiated coverage on Belden (NYSE:BDC) with a Buy rating and a price target of $115.
September 27, 2023 | 10:17 am
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UBS has initiated coverage on Belden with a Buy rating and a price target of $115, which could potentially drive the stock price up.
The initiation of coverage by UBS with a Buy rating indicates a positive outlook for Belden. The price target of $115, if significantly higher than the current price, could potentially drive the stock price up as it suggests that UBS believes the stock is undervalued at its current price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100