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Fly News Breaks for May 15, 2015
MIDD
May 15, 2015 | 09:05 EDT
After Middleby reported higher than expected EPS but lower than expected revenue, Roth says that adverse currency translation and Viking transition expenses adversely affected its sales and income comparisons. The firm says that these factors could impact the company's Q2 results, but it expects the company's earnings growth to accelerate sharply in 2H15. It raised its price target on the shares to $125 from $115 and keeps a Buy rating on the stock.
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