Needham raised the firm’s price target on Bel Fuse (BELFB) to $250 from $212 and keeps a Buy rating on the shares after its Q4 results. Demand is improving across many of Bel’s commercial markets while A&D remains robust, the analyst tells investors in a research note.
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Read More on BELFB:
- Bel Fuse price target raised to $250 from $246 at Baird
- Bel Fuse price target raised to $266 from $247 at Northland
- Bel Fuse: Strong Operating Momentum and Robust Demand Support Higher Price Target and Buy Rating
- Bel Fuse reports Q4 adjusted EPS $1.88, consensus $1.57
- Bel Fuse sees Q1 revenue $165M-$180M, consensus $164.87M