Bel Fuse price target raised to $162 from $154 at Baird

Baird raised the firm’s price target on Bel Fuse (BELFB) to $162 from $154 and keeps an Outperform rating on the shares as part of a Q3 preview for the vehicle technology and mobility sector. The firm says its electronic components survey yielded positive industry book-to-bill trends with a strong initial outlook for 2026. Both end market and channel impacts should provide tailwinds into 2026, the analyst tells investors in a research note.