- Benchmark analyst Todd Brooks initiated coverage on Middleby Corp MIDD with a Buy rating and a price target of $190, implying an upside of 26%.
- The analyst predicts that the company's backlogs and accelerating demand for equipment-based solutions will provide a multi-year revenue tailwind.
- Meanwhile, the analyst sees solid demand trends across the company's Commercial Foodservice and Food Processing segments are balanced by a recent softening of lead indicators in the Residential Kitchen segment.
- Price Action: MIDD shares are trading lower by 1.23% at $150.88 on the last check Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
