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Fly News Breaks for August 1, 2019
Aug 1, 2019 | 07:45 EDT
SunTrust analyst Wiliam Stein lowered his price target on Belden to $54 after its "slightly weak" Q2 results and even weaker guidance for the second half of 2019 driven by the "erosion in the industrial end market." The analyst contends that investors will need to see a portfolio mix favoring higher and more stable growth with higher margin, keeping his Hold rating on Belden stock.
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