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Fly News Breaks for April 3, 2019
MIDD
Apr 3, 2019 | 08:59 EDT
Jefferies analyst Saree Boroditsky started Middleby with a Hold rating and $135 price target. Middleby is "ushering in a new era of low-single-digit growth as it enters a more mature phase in its company life-cycle," Boroditsky tells investors in a research note. The analyst sees this growth outlook as balanced by potential risk to equipment demand and margins from the rise of delivery and higher competition in the residential space.
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