Keybanc Maintains Overweight on Middleby, Lowers Price Target to $160
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Jeffrey Hammond has maintained an Overweight rating on Middleby (NASDAQ:MIDD) but lowered the price target from $180 to $160.

October 25, 2023 | 9:28 am
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NEUTRAL IMPACT
Middleby's price target has been lowered from $180 to $160 by Keybanc, though the Overweight rating is maintained.
The news is directly about Middleby and is likely to impact its stock. While the Overweight rating is maintained, which is positive, the lowering of the price target might create some negative sentiment among investors. However, the overall impact is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100