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Fly News Breaks for May 15, 2017
MIDD
May 15, 2017 | 08:55 EDT
BMO Capital analyst Joel Tiss says that the 3.4% decline in Middleby's organic sales was partly caused by tough comps. He says that the decline was more of a one-time event than an "emerging trend," as he thinks that the "growing number of customers" looking to buy its new equipment bode well for its outlook. He trimmed his price target to $155 from $160 but keeps an Outperform rating.
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