Belden added to US Conviction List at Goldman Sachs

Goldman Sachs analysts added Belden (BDC) to the firm’s US Conviction List as part of its monthly update. The company is well positioned to benefit from a cyclical recovery in industrial end markets in 2025, and offers additional upside as it continues to execute on growing its higher-margin software solutions business, the analysts tell investors in a research note. Goldman has a Buy rating on the shares with a $139 price target