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.
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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
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- Garden Investments takes stake in Middleby, to push for changes, WSJ reports
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