Citigroup Maintains Buy Rating for Middleby: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Citigroup has maintained its Buy rating for Middleby (NASDAQ:MIDD) and increased its price target from $165.00 to $166.00. Middleby's shares are currently trading down 1.02% at $142.49 per share. A move to $166.00 would represent a 16.5% increase from the current share price.
July 17, 2023 | 5:00 pm
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Citigroup has maintained its Buy rating for Middleby and raised its price target, indicating a positive outlook for the company. However, the stock is currently trading down.
The maintained Buy rating and increased price target from Citigroup indicate a positive outlook for Middleby. This could potentially attract investors and drive the stock price up in the short term. However, the current downward trend in the stock's trading could impact this potential growth.
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