On Nov 01, major Wall Street analysts update their ratings for $The Middleby (MIDD.US)$, with price targets ranging from $155 to $165.
Barclays analyst Adam Seiden maintains with a buy rating, and maintains the target price at $160.
Baird analyst Mircea Dobre maintains with a buy rating, and maintains the target price at $165.
KeyBanc analyst Jeffrey Hammond maintains with a buy rating.
CCORF analyst Brian McNamara maintains with a buy rating, and adjusts the target price from $164 to $155.
Furthermore, according to the comprehensive report, the opinions of $The Middleby (MIDD.US)$'s main analysts recently are as follows:
The firm notes that Middleby continues to face challenges in gaining traction as capital expenditure deferrals from restaurant customers persist. Although this trend is not expected to continue indefinitely, it is difficult to discern when a definitive turning point will occur. The focus on reducing costs to adjust for decreased volumes, along with the reallocation of capital towards share buybacks, are seen as key strategies for navigating through the current economic downturn.
Here are the latest investment ratings and price targets for $The Middleby (MIDD.US)$ from 4 analysts:
Note:
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