Needham Maintains Buy on Bel Fuse, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Needham analyst James Ricchiuti maintains a Buy rating on Bel Fuse (NASDAQ:BELFB) but lowers the price target from $77 to $70.

February 23, 2024 | 10:15 am
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Needham maintains a Buy rating on Bel Fuse but lowers the price target from $77 to $70.
While the Buy rating reaffirms confidence in Bel Fuse's fundamentals, the reduction in price target could signal a reassessment of the company's near-term growth prospects or market conditions. This mixed signal might lead to short-term uncertainty among investors.
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