Needham initiates coverage of Belden with Buy rating, $140 price target

Needham initiated coverage on Belden's stock with a rating of Buy and a price target of $140.00.The price target implies an upside of 23.9% from the Sep 22 close of $113.02.Key takeaways from the analyst noteStrategic Positioning in IT/OT Convergence: Belden is uniquely positioned to capitalize on…