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Fly News Breaks for May 14, 2019
BDC
May 14, 2019 | 09:11 EDT
SunTrust analyst William Stein lowered his price target on Belden to $64 and kept his Hold rating, saying that while the company's Q1 results were "solid" with an above-consensus outlook for Q2, the management's 2019 guidance implies a "challenging" EPS ramp. The analyst also lowers his FY20 EPS view by 20c to $6.42 to account for the dilutive share count impact of the company's preferred stock conversion.
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