Canaccord Genuity Maintains Buy on Middleby, Lowers Price Target to $155
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity has maintained a Buy rating on Middleby (NASDAQ:MIDD) but lowered the price target from $164 to $155.
November 01, 2024 | 12:37 pm
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Canaccord Genuity has maintained a Buy rating on Middleby but lowered the price target from $164 to $155, indicating a slightly less optimistic outlook.
The maintenance of a Buy rating suggests continued confidence in Middleby's performance, but the lowered price target indicates a tempered outlook. This could lead to neutral short-term price movement as the market digests the mixed signals.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100