Weekly Recap: Needham Buy $140 target and Pune RUCKUS ICX build
Needham initiated coverage of Belden Inc. (NYSE:BDC) with a Buy and $140 target, highlighting IT/OT convergence and RUCKUS integration as drivers that should lift solutions sales above 20% by 2025, while Belden will start making select RUCKUS ICX switches at its Pune plant to serve local demand.Pre…