Shares of Bel Fuse (BELFA) and Littelfuse (LFUS) are moving higher after Baird analyst Luke Junk placed the firm’s “Bullish Fresh Picks” tag on both stocks. The recent selloff in the stocks is overdone on macro and AI “noise,” the analyst tells investors in a research note. Baird believes underlying trends “remain strongly favorable” for Bel Fuse and Littelfuse due to AI and defense tailwinds. The firm has Outperform ratings on both stocks with price targets of $250 and $408, respectively.
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