Needham Maintains Buy on Bel Fuse, Raises Price Target to $79
Portfolio Pulse from Benzinga Newsdesk
Needham analyst James Ricchiuti maintains a Buy rating on Bel Fuse (NASDAQ:BELFB) and raises the price target from $68 to $79.
July 26, 2024 | 10:14 am
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POSITIVE IMPACT
Needham analyst James Ricchiuti maintains a Buy rating on Bel Fuse and raises the price target from $68 to $79.
The raised price target and maintained Buy rating from a reputable analyst at Needham is likely to positively impact BELFB's stock price in the short term. Investors often react favorably to such endorsements, especially when accompanied by an increased price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100