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Fly News Breaks for March 7, 2018
MIDD
Mar 7, 2018 | 08:44 EDT
BMO Capital analyst Joel Tiss raised his price target on Middleby to $160 from $145, saying the company is becoming his "top idea" on expected organic growth and margin expansion in the coming quarters. Tiss adds that he is surprised that the company's "high conviction" of return to underlying growth has "fallen on deaf ears" in the market and sees the current 5-year low in the stock valuation as an "exceptional opportunity" for investors. The analyst keeps his Outperform rating on Middleby.
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