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Fly News Breaks for July 21, 2016
BDC
Jul 21, 2016 | 07:55 EDT
After Belden announced plans to issue convertible preferred stock, SunTrust says it expects the proceeds to be used for "capital value creating acquisitions." which will reduce the company's debt and increase its EPS. The firm says that acquisitions have tended to boost Belden's stock in the past. It keeps an $84 price target and Buy rating on the shares.
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