KeyBanc Reiterates Overweight Rating on Middleby Corp (MIDD) Post NAFEM

KeyBanc analyst Jeffrey Hammond reiterated an Overweight rating and $185.00 price target on Middleby Corp (NASDAQ: MIDD).

The analyst commented: "We attended the NAFEM food equipment show, meeting with a number of companies (MIDD, ITW, PNR, and Rational) as well as industry participants. We walked away with mixed views on 2025 industry trends, ranging from optimistic and confident to continued choppiness and uncertainty, particularly in 1H25. Tariff (and related pricing actions) uncertainty, mixed traffic trends, and high rates were cited as NT challenges. Building optimism centered around election certainty and healthy new store build openings, as well as an increase in consulting activity and project pipelines."

For an analyst ratings summary and ratings history on Middleby Corp click here. For more ratings news on Middleby Corp click here.

Shares of Middleby Corp closed at $165.41 yesterday.

You May Also Be Interested In

• Stripe, Advent In Talks To Buy Paypal - WSJ
• Home Depot (HD) call put ratio 1.5 calls to 1 put with a focus on September 330 puts into quarter results
• JD.com (JD) Reiterated at Buy by Benchmark Amid Earnings Recovery