Executive Transition: Doug Wright has stepped down as CEO of Indicor, with John Stroup taking over as interim CEO immediately; Stroup brings over 40 years of experience in industrial manufacturing, including a 15-year tenure as CEO of Belden, which is expected to provide stability and leadership for the company.
Strategic Continuity: Stroup stated that Indicor is well-positioned for continued growth and expansion, emphasizing the commitment to delivering innovative and mission-critical solutions to key customers, reflecting the company's responsiveness to market demands.
Leadership Change: Wright's departure allows him to become CEO of ATS Corporation, highlighting his influence in the industry while also presenting new opportunities and challenges for Indicor's future development.
Historical Context: Stroup previously served as interim CEO after CD&R acquired Indicor, indicating his familiarity with the company, which will aid in maintaining business continuity and stability during this transition.
BDC
$121.335+Infinity%1D
Analyst Views on BDC
Wall Street analysts forecast BDC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BDC is 147.00 USD with a low forecast of 145.00 USD and a high forecast of 149.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
Wall Street analysts forecast BDC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BDC is 147.00 USD with a low forecast of 145.00 USD and a high forecast of 149.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 121.550
Low
145.00
Averages
147.00
High
149.00
Current: 121.550
Low
145.00
Averages
147.00
High
149.00
Benchmark
Buy
maintain
$130 -> $145
2025-08-01
Reason
Benchmark
Price Target
$130 -> $145
2025-08-01
maintain
Buy
Reason
Benchmark raised the firm's price target on Belden to $145 from $130 and keeps a Buy rating on the shares after what the firm calls "another solid quarterly performance." With order momentum strengthening, inventories lean, and customer activity accelerating, the firm continues to favor the company's solutions-centric strategy and exposure to domestic manufacturing tailwinds, the analyst tells investors.
Truist
NULL -> Buy
maintain
$132 -> $147
2025-08-01
Reason
Truist
Price Target
$132 -> $147
2025-08-01
maintain
NULL -> Buy
Reason
Truist raised the firm's price target on Belden to $147 from $132 and keeps a Buy rating on the shares. The company delivered mostly good Q2 results and OK Q3 guidance, though the key reason for owning Belden - its transition to solution selling - continues, and has recently extended to hyperscale datacenters, the analyst tells investors in a research note.
Goldman Sachs
Buy
upgrade
$120 -> $135
2025-07-10
Reason
Goldman Sachs
Price Target
$120 -> $135
2025-07-10
upgrade
Buy
Reason
Goldman Sachs raised the firm's price target on Belden to $135 from $120 and keeps a Buy rating on the shares as part of a broader research note on U.S. Autos and Industrial Tech industry. The firm is raising its US auto forecast to reflect more measured tariff levels than what had been initially proposed, even though it still expects auto sales in the US to moderate in the second half after pre-buying ahead of tariffs and what will likely be higher pricing in the second half due to tariffs, the analyst tells investors in a research note. Goldman Sachs sees US auto sales at 15.75M and 15.50M units in 2025 and 2026 respectively, compared to its prior forecast of 15.40M and 15.25M.
Goldman Sachs
downgrade
2025-06-02
Reason
Goldman Sachs
Price Target
2025-06-02
downgrade
Reason
Goldman Sachs analysts removed Belden from its US Conviction List as part of its monthly update.
About BDC
Belden Inc. is a global supplier of complete connection solutions. Its Smart Infrastructure Solutions segment is a provider in network infrastructure and broadband solutions, as well as cabling and connectivity solutions for commercial audio/video and security applications. Its vertical markets include data centers, government, healthcare, and hospitality. Its Broadband Solutions primarily serve broadband and wireless service providers. Smart Infrastructure Solutions product lines include copper cable and connectivity solutions, fiber cable and connectivity solutions, interconnect panels, racks and enclosures, and secure, high performance signal extension and matrix switching systems. Its Automation Solutions segment at Belden provides network infrastructure and digitization solutions to enable its customers to make data-based business decisions. Its primary markets include discrete automation, process automation, energy, and mass transit.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
