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Fly News Breaks for March 8, 2019
MIDD
Mar 8, 2019 | 09:36 EDT
BMO Capital analyst Joel Tiss raised his price target on Middleby to $150 and kept his Outperform rating after its latest earnings beat, saying that his patience since the "disastrous" results in Q1 of last year has paid off. The analyst is positive on the company's improved organic growth rate and greater margin expansion moving forward, noting that the company's status as a "primary consolidator in a fragmented industry" is intact.
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