Barclays analyst Mircea Dobre raised the firm’s price target on Middleby (MIDD) to $180 from $165 and keeps an Overweight rating on the shares as part of a Q3 preview for the machinery and construction group. Inventories are improving across machinery, most notably in agriculture, the analyst tells investors in a research note. The firm sees an opportunity in some of the group’s relative laggards due to lower expectations.
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