Canaccord lowered the firm’s price target on Middleby (MIDD) to $171 from $175 and keeps a Buy rating on the shares. The firm said they posted a solid beat and raise and noted the company also announced it is currently conducting a strategic review of its Residential Kitchen business, with a potential separation being evaluated.
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Read More on MIDD:
- Middleby upgraded to Neutral from Underweight at JPMorgan
- Middleby Corporation Surpasses Q3 Expectations Amid Strategic Review
- Middleby Reports Strong Q3 Despite Challenges
- Middleby Hold Rating: Awaiting Clarity on Strategic Review and Market Signals
- Middleby sees Q4 adjusted EPS $2.19-$2.34, consensus $2.34