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Fiber-optic cable and connector-maker Belden (BDC) continues to shift its business toward products with higher profit margins, says investment bank Canaccord Genuity, which on Wednesday raised its price target on the stock to 80 from 75. St. Louis-based Belden’s stock was up 2.5% in afternoon trading in the stock market today, near 73.50. Belden stock touched an all-time high of 75.23 on March 6. “Migration toward higher margin areas (broadcast, Scalper1 News
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