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Fly News Breaks for June 30, 2016
AGA, MIDD
Jun 30, 2016 | 09:11 EDT
Roth Capital analyst Anton Brenner says that Middleby generates about 37% of its revenues from international markets, with Europe being the company's largest foreign market. While the analyst expects recent currency shifts following Brexit to have a minor negative effect on the company's revenues and income, he believes it should be more than offset by expected "strong" gains in the Food Processing and Viking businesses. Brenner reiterates a Buy rating and $130 price target on the shares.
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