Goldman Sachs analysts added Belden (BDC) to the firm’s US Conviction List as part of its monthly update. The company is well positioned to benefit from a cyclical recovery in industrial end markets in 2025, and offers additional upside as it continues to execute on growing its higher-margin software solutions business, the analysts tell investors in a research note. Goldman has a Buy rating on the shares with a $139 price target
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BDC: