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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.

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