Barclays Maintains Overweight on Middleby, Lowers Price Target to $160
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Adam Seiden maintains an Overweight rating on Middleby (NASDAQ:MIDD) but lowers the price target from $177 to $160.

October 18, 2023 | 12:48 pm
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NEUTRAL IMPACT
Barclays maintains an Overweight rating on Middleby but lowers the price target from $177 to $160.
The news is directly related to Middleby. While the Overweight rating is positive, the lowering of the price target might have a neutral impact on the stock as it indicates a lower future valuation. The impact is important for investors as it provides an updated valuation perspective from a major financial institution.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100