Northland analyst Bobby Brooks raised the firm’s price target on Bel Fuse (BELFA) (BELFB) to $110 from $93 and keeps an Outperform rating on the shares. The firm, which is raising its Q2 estimates above the company’s guidance due to the intra-quarter easing of Chinese tariff headwinds, notes that its $158.2M sales estimate sits above the $155M guidance high-end that the company gave on April 24.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BELFA: