Belden price target raised to $145 from $130 at Benchmark

Benchmark raised the firm’s price target on Belden (BDC) to $145 from $130 and keeps a Buy rating on the shares after what the firm calls “another solid quarterly performance.” With order momentum strengthening, inventories lean, and customer activity accelerating, the firm continues to favor the company’s solutions-centric strategy and exposure to domestic manufacturing tailwinds, the analyst tells investors.