Stock Rating Upgrade
During the last several trading days the Value Trend Rating for Belden Inc (NYSE: BDC) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 8/1/24, Belden Inc (NYSE: BDC) stock enjoyed a very large increase of 8.4%, closing at $100.52. Moreover, exceptionally high trading volume at 295% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 8.8% during the last week.
Current PriceTarget Research Rating
BDC is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Belden has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Belden has a slightly negative Appreciation Score of 36 but a very high Power Rating of 90, and the Positive Value Trend Rating results.
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