Belden price target lowered to $120 from $130 at Benchmark

Benchmark analyst David Williams lowered the firm’s price target on Belden (BDC) to $120 from $130 and keeps a Buy rating on the shares, reflecting the multiple compression across the group. The firm views Belden as one of the best positioned names within its coverage universe to navigate the tariff headwinds as the company’s revenue mix is heavily weighted to the Americas region with minimal exposure to China, the analyst tells investors.