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Fly News Breaks for November 14, 2018
MIDD
Nov 14, 2018 | 07:22 EDT
Seaport Global analyst Walt Liptak upgraded Middleby to Buy from Neutral and raised its price target to $135 from $115. Liptak sees upside from a commercial food service sector recovery, improving profits in the Process and Residential segments, and M&A accretion, and new automated products. The analyst also believes international markets have bottomed due to political events and could drive 2019 earnings upside.
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