Keybanc Maintains Overweight on Middleby, Lowers Price Target to $152
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Jeffrey Hammond has maintained an Overweight rating on Middleby (NASDAQ:MIDD) but lowered the price target from $160 to $152.
November 09, 2023 | 8:57 am
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NEUTRAL IMPACT
Middleby's price target has been lowered from $160 to $152 by Keybanc, though the Overweight rating is maintained.
The news is directly about Middleby and is likely to influence investor sentiment. While the Overweight rating is maintained, indicating a positive outlook, the lowering of the price target may create some uncertainty. However, as it's a minor adjustment, the short-term impact on the stock price is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100