Belimo price target raised to CHF 788 from CHF 752 at Jefferies

Jefferies raised the firm’s price target on Belimo (BLHWF) to CHF 788 from CHF 752 and keeps a Buy rating on the shares. Last week’s guidance raise in the current environment “provides a much appreciated sign of strength after recent share price weakness,” the analyst tells investors. The firm raised estimates on the back of stronger data center momentum, the analyst added.