Northland raised the firm’s price target on Bel Fuse (BELFA) (BELFB) to $321 from $266 and keeps an Outperform rating on the shares following the Q1 report. The realignment of its sales structure to focus on end-markets rather than products “could be a significant accelerator” of Bel Fuse winning more business as a solutions’ supplier rather than a components’ supplier, the analyst tells investors.
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Read More on BELFB:
- Bel Fuse price target raised to $293 from $260 at Baird
- Bel Fuse price target raised to $315 from $265 at Oppenheimer
- Bel Fuse reports Q1 non-GAAP EPS $1.72, consensus $1.51
- Bel Fuse sees Q2 revenue $195M-$215M, consensus $182.85M
- Bobby Brooks Reiterates Buy Rating and Maintains $266 Price Target Following Revenue Beat and Robust Outlook