Canaccord Genuity Maintains Buy on Middleby, Raises Price Target to $166
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Brian McNamara has maintained a Buy rating on Middleby (NASDAQ:MIDD) and raised the price target from $164 to $166.
February 21, 2024 | 2:12 pm
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POSITIVE IMPACT
Canaccord Genuity has reaffirmed its Buy rating on Middleby and increased the price target to $166.
The reaffirmation of a Buy rating and an increase in the price target by a reputable analyst like Brian McNamara can be seen as a strong vote of confidence in Middleby's future performance. This could lead to increased investor confidence and potentially a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100