Belden price target lowered to $132 from $142 at Truist

Truist lowered the firm’s price target on Belden (BDC) to $132 from $142 and keeps a Buy rating on the shares. The company delivered good Q1 results as industrial automation sales upside drove sales, margins, and EPS above consensus, and while its Q2 outlook was below consensus on sales, the firm suspects this is the management’s justifiable caution in light of tariffs, the analyst tells investors in a research note.