Baird raised the firm’s price target on Middleby (MIDD) to $227 from $157 and keeps an Outperform rating on the shares. The firm sees potential upside in the shares while noting an activist investor has emerged prompting the company to review strategic alternatives.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MIDD:
- Middleby confirms ongoing strategic review of business portfolio
- Middleby price target raised to $192 from $155 at Canaccord
- Middleby price target raised to $185 from $160 at KeyBanc
- Boeing provides downbeat pre-announcement, Verizon reports Q4 beat: Morning Buzz
- Garden Investments takes stake in Middleby, to push for changes, WSJ reports
Questions or Comments about the article? Write to editor@tipranks.com