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Bel Fuse price target raised to $180 from $175 at Oppenheimer

Oppenheimer analyst Christopher Glynn raised the firm’s price target on Bel Fuse (BELFB) to $180 from $175 and keeps an Outperform rating on the shares. The firm notes Bel delivered a solid Q3 beat with 25c EPS upside from operations reflecting sales at guidance top end and gross margin outperformance again.

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