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Fly News Breaks for November 1, 2018
BDC
Nov 1, 2018 | 07:23 EDT
Canaccord analyst Chip Moore lowered his price target on Belden to $65 from $88 but said his long-term thesis remains intact. He said the Q3 results were disappointing, but he sees value in the underlying portfolio. Despite seeing shares range bound until visibility improves, he recommends being patient. Moore maintained his Buy rating on Belden shares.
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