Canaccord Genuity Maintains Buy on Middleby, Lowers Price Target to $159
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Brian McNamara maintains a Buy rating on Middleby (NASDAQ:MIDD) but lowers the price target from $166 to $159.

May 09, 2024 | 6:59 pm
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Canaccord Genuity maintains a Buy rating on Middleby but lowers the price target from $166 to $159.
While the Buy rating reaffirms confidence in Middleby's long-term prospects, the reduction in price target could suggest a more cautious outlook on its short-term performance. This mixed signal might lead to neutral short-term price movement as investors digest both the continued endorsement and the tempered expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100