DA Davidson Starts Belden, Inc. (BDC) at Neutral; Attractive Long-Term, Pressure From Europe Short-Term

DA Davidson initiates coverage on Belden, Inc. (NYSE: BDC) with a Neutral. PT $37.00.

Analyst, Brent Thielman, said, "We expect major long-term end market drivers will be ongoing industrial production and capacity expansion initiatives globally as well as nonresidential construction, particularly in the U.S. Prospects for U.S. industrial expansion appear very attractive, somewhat offset by a more hazy outlook in Europe. Recent consecutive years of corporate cash build in the U.S. suggest a broader recovery in commercial construction is nearing."

For an analyst ratings summary and ratings history on Belden, Inc. click here. For more ratings news on Belden, Inc. click here.

Shares of Belden, Inc. closed at $32.84 yesterday.

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