Bel Fuse price target raised to $247 from $188 at Northland

Northland raised the firm’s price target on Bel Fuse (BELFA) (BELFB) to $247 from $188 and keeps an Outperform rating on the shares. Driven by returning demand from major customers after working through inventory, gains in A&D from Enercon, sustained margin strength, and broad electrification tailwinds, the firm is “confident that management can continue to deliver stellar results,” the analyst tells investors.