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Recommendations
Welbilt price target raised to $25 from $17 at BMO Capital » 08:21
05/10/21
05/10
08:21
05/10/21
08:21
WBT

Welbilt

$22.36 /

+0.36 (+1.64%)

BMO Capital analyst Joel…

BMO Capital analyst Joel Tiss raised the firm's price target on Welbilt to $25 from $17 and keeps a Market Perform rating on the shares. The company exhibited "resilient profitability" and he strong operational performance with its Q1 earnings beat, the analyst tells investors in a research note, adding that Welbilt's revenue trends also appear to be on the mend. Tiss raises his FY21 EPS view on the stock by 10c to 55c and FY22 view by 20c to 90c.

ShowHide Related Items >><<
WBT Welbilt
$22.36 /

+0.36 (+1.64%)

WBT Welbilt
$22.36 /

+0.36 (+1.64%)

05/06/21 Baird
Welbilt price target raised to $26 from $18 at Baird
04/22/21
Fly Intel: Top five analyst downgrades
04/22/21 Jefferies
Middleby price target raised to $220 from $190 at Jefferies
04/22/21 JPMorgan
Middleby price target raised to $169 from $155 at JPMorgan
WBT Welbilt
$22.36 /

+0.36 (+1.64%)

WBT Welbilt
$22.36 /

+0.36 (+1.64%)

WBT Welbilt
$22.36 /

+0.36 (+1.64%)

WBT Welbilt
$22.36 /

+0.36 (+1.64%)

Over a week ago
Recommendations
Welbilt price target raised to $26 from $18 at Baird » 19:01
05/06/21
05/06
19:01
05/06/21
19:01
WBT

Welbilt

$22.00 /

+0.13 (+0.59%)

, MIDD

Middleby

$179.43 /

-0.13 (-0.07%)

Baird analyst Mircea…

Baird analyst Mircea Dobre raised the firm's price target on Welbilt (WBT) to $26 from $18 and keeps an Outperform rating on the shares. Dobre said that the company's Q1 results included "solid" margin expansion, with other bright spots including higher QSR project rollouts, increased KitchenCare sales, and accelerating Education orders. The analyst continues to view the acquisition by Middleby (MIDD) positively, allowing Welbilt shareholders to benefit from meaningful value creation and synergies.

ShowHide Related Items >><<
WBT Welbilt
$22.00 /

+0.13 (+0.59%)

MIDD Middleby
$179.43 /

-0.13 (-0.07%)

WBT Welbilt
$22.00 /

+0.13 (+0.59%)

04/22/21
Fly Intel: Top five analyst downgrades
04/22/21 Jefferies
Middleby price target raised to $220 from $190 at Jefferies
04/22/21 JPMorgan
Middleby price target raised to $169 from $155 at JPMorgan
04/22/21 KeyBanc
Middleby price target raised to $210 from $195 at KeyBanc
MIDD Middleby
$179.43 /

-0.13 (-0.07%)

05/06/21 Baird
Middleby price target raised to $214 from $195 at Baird
WBT Welbilt
$22.00 /

+0.13 (+0.59%)

MIDD Middleby
$179.43 /

-0.13 (-0.07%)

WBT Welbilt
$22.00 /

+0.13 (+0.59%)

WBT Welbilt
$22.00 /

+0.13 (+0.59%)

WBT Welbilt
$22.00 /

+0.13 (+0.59%)

Earnings
Welbilt reports Q1 adjusted EPS 8c, consensus 3c » 06:28
05/06/21
05/06
06:28
05/06/21
06:28
WBT

Welbilt

$21.87 /

+0.06 (+0.28%)

Reports Q1 revenue…

Reports Q1 revenue $316.8M, consensus $291.19M. CEO Bill Johnson stated, "Q1 Third-party Net Sales and Organic Net Sales grew in the Americas for the first time since the beginning of the COVID-19 pandemic, which drove a smaller-than-expected decrease in net sales this quarter compared to last year's Q1. We are pleased that our Adjusted Operating EBITDA and Adjusted Operating EBITDA margin exceeded last year's levels despite the dilutive effect of the sales decline, and that our Free Cash Flow was a substantially smaller use of cash than either of the last two year's first quarters. Both of these are attributable to the improvements we have made to date as part of our Business Transformation Program and through the cost containment actions we put in place last year that are continuing to benefit us. Industry conditions are gradually improving with the rollout of COVID-19 vaccines and the lifting of restrictions in some locations, although improvements are uneven globally. We are continuing to closely monitor the recovery and will adjust our costs and investments accordingly."

ShowHide Related Items >><<
WBT Welbilt
$21.87 /

+0.06 (+0.28%)

WBT Welbilt
$21.87 /

+0.06 (+0.28%)

04/22/21
Fly Intel: Top five analyst downgrades
04/22/21 Jefferies
Middleby price target raised to $220 from $190 at Jefferies
04/22/21 JPMorgan
Middleby price target raised to $169 from $155 at JPMorgan
04/22/21 KeyBanc
Middleby price target raised to $210 from $195 at KeyBanc
WBT Welbilt
$21.87 /

+0.06 (+0.28%)

WBT Welbilt
$21.87 /

+0.06 (+0.28%)

WBT Welbilt
$21.87 /

+0.06 (+0.28%)

WBT Welbilt
$21.87 /

+0.06 (+0.28%)

Hot Stocks
Welbilt partners with Nuovair to supply blast chillers in North America » 06:08
05/03/21
05/03
06:08
05/03/21
06:08
WBT

Welbilt

$22.30 /

+0.11 (+0.50%)

Welbilt is proud to be…

Welbilt is proud to be the exclusive distributor in the United States and Canada of roll-in blast chillers from Nuovair, the Italy-based specialists in high-quality blast chillers.

ShowHide Related Items >><<
WBT Welbilt
$22.30 /

+0.11 (+0.50%)

WBT Welbilt
$22.30 /

+0.11 (+0.50%)

04/22/21
Fly Intel: Top five analyst downgrades
04/22/21 Jefferies
Middleby price target raised to $220 from $190 at Jefferies
04/22/21 JPMorgan
Middleby price target raised to $169 from $155 at JPMorgan
04/22/21 KeyBanc
Middleby price target raised to $210 from $195 at KeyBanc
WBT Welbilt
$22.30 /

+0.11 (+0.50%)

WBT Welbilt
$22.30 /

+0.11 (+0.50%)

WBT Welbilt
$22.30 /

+0.11 (+0.50%)

WBT Welbilt
$22.30 /

+0.11 (+0.50%)

Syndicate
Welbilt files automatic mixed securities shelf  16:13
04/27/21
04/27
16:13
04/27/21
16:13
WBT

Welbilt

$22.39 /

+0.37 (+1.68%)

 
ShowHide Related Items >><<
WBT Welbilt
$22.39 /

+0.37 (+1.68%)

WBT Welbilt
$22.39 /

+0.37 (+1.68%)

04/22/21
Fly Intel: Top five analyst downgrades
04/22/21 Jefferies
Middleby price target raised to $220 from $190 at Jefferies
04/22/21 JPMorgan
Middleby price target raised to $169 from $155 at JPMorgan
04/22/21 KeyBanc
Middleby price target raised to $210 from $195 at KeyBanc
WBT Welbilt
$22.39 /

+0.37 (+1.68%)

WBT Welbilt
$22.39 /

+0.37 (+1.68%)

WBT Welbilt
$22.39 /

+0.37 (+1.68%)

WBT Welbilt
$22.39 /

+0.37 (+1.68%)

Downgrade
Fly Intel: Top five analyst downgrades » 09:52
04/22/21
04/22
09:52
04/22/21
09:52
FSR

Fisker

$13.64 /

-1.515 (-10.00%)

, RIDE

Lordstown Motors

$9.37 /

-0.39 (-4.00%)

, PLNT

Planet Fitness

$84.85 /

-1.73 (-2.00%)

, SHLS

Shoals Technologies

$34.01 /

+0.12 (+0.35%)

, BAK

Braskem

$18.48 /

-0.77 (-4.00%)

, WBT

Welbilt

$22.35 /

-0.25 (-1.11%)

Catch up on today's…

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Fisker (FSR) downgraded to Sell from Neutral with Lordstown Motors (RIDE) downgraded to Neutral from Buy at Goldman Sachs. 2. Planet Fitness (PLNT) downgraded to Neutral from Overweight at Piper Sandler with analyst Peter Keith saying the speed of the company's recovery is uncertain and a "bull case" now seems priced into the shares. 3. Shoals Technologies (SHLS) downgraded to Equal Weight from Overweight at Barclays with analyst Moses Sutton telling investors to not "over-concentrate" in U.S. solar heading into the Q1 results. 4. Braskem (BAK) downgraded to Hold from Buy at HSBC with analyst Lilyanna Yang citing valuation. 5. Welbilt (WBT) downgraded to Sector Weight from Overweight at KeyBanc with analyst Jeffrey Hammond seeing the likelihood of another bidder besides Middleby (MIDD) emerging as low. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

ShowHide Related Items >><<
WBT Welbilt
$22.35 /

-0.25 (-1.11%)

RIDE Lordstown Motors
$9.37 /

-0.39 (-4.00%)

PLNT Planet Fitness
$84.85 /

-1.73 (-2.00%)

FSR Fisker
$13.64 /

-1.515 (-10.00%)

BAK Braskem
$18.48 /

-0.77 (-4.00%)

FSR Fisker
$13.64 /

-1.515 (-10.00%)

04/22/21 Goldman Sachs
Fisker downgraded to Sell from Neutral at Goldman Sachs
04/20/21 Morgan Stanley
Fisker remains 'top ranked' EV related SPAC startup, says Morgan Stanley
04/20/21 BofA
Fisker initiated with a Buy at BofA
04/20/21 BofA
Fisker initiated with a Buy at BofA
RIDE Lordstown Motors
$9.37 /

-0.39 (-4.00%)

04/22/21 Goldman Sachs
Lordstown Motors downgraded to Neutral from Buy at Goldman Sachs
04/20/21 BofA
Lordstown Motors initiated with a Neutral at BofA
04/20/21 BofA
Lordstown Motors initiated with a Neutral at BofA
03/18/21 Morgan Stanley
Lordstown Motors price target lowered to $12 from $18 at Morgan Stanley
PLNT Planet Fitness
$84.85 /

-1.73 (-2.00%)

04/22/21 Piper Sandler
Planet Fitness downgraded to Neutral from Overweight at Piper Sandler
04/12/21 JPMorgan
Planet Fitness price target raised to $82 from $72 at JPMorgan
03/04/21 Baird
Planet Fitness price target raised to $100 from $90 at Baird
03/04/21 Cowen
Planet Fitness downgraded to Market Perform from Outperform at Cowen
SHLS Shoals Technologies
$34.01 /

+0.12 (+0.35%)

04/22/21 Barclays
Shoals Technologies downgraded to Equal Weight from Overweight at Barclays
04/01/21 JPMorgan
JPMorgan sees buying opportunities in alternative energy after correction
03/29/21 Morgan Stanley
Morgan Stanley ups Array Technologies to Equal Weight following underperformance
03/22/21 Johnson Rice
Shoals Technologies initiated with a Buy at Johnson Rice
BAK Braskem
$18.48 /

-0.77 (-4.00%)

04/22/21 HSBC
Braskem downgraded to Hold on valuation at HSBC
04/22/21 HSBC
Braskem downgraded to Hold from Buy at HSBC
03/12/21 Scotiabank
Braskem downgraded to Sector Perform from Outperform at Scotiabank
02/24/21 JPMorgan
Braskem upgraded to Overweight from Neutral at JPMorgan
WBT Welbilt
$22.35 /

-0.25 (-1.11%)

04/22/21 Jefferies
Middleby price target raised to $220 from $190 at Jefferies
04/22/21 JPMorgan
Middleby price target raised to $169 from $155 at JPMorgan
04/22/21 KeyBanc
Middleby price target raised to $210 from $195 at KeyBanc
04/22/21 KeyBanc
Welbilt downgraded to Sector Weight from Overweight at KeyBanc
WBT Welbilt
$22.35 /

-0.25 (-1.11%)

SHLS Shoals Technologies
$34.01 /

+0.12 (+0.35%)

RIDE Lordstown Motors
$9.37 /

-0.39 (-4.00%)

PLNT Planet Fitness
$84.85 /

-1.73 (-2.00%)

FSR Fisker
$13.64 /

-1.515 (-10.00%)

  • 27
    Jan
WBT Welbilt
$22.35 /

-0.25 (-1.11%)

RIDE Lordstown Motors
$9.37 /

-0.39 (-4.00%)

PLNT Planet Fitness
$84.85 /

-1.73 (-2.00%)

FSR Fisker
$13.64 /

-1.515 (-10.00%)

WBT Welbilt
$22.35 /

-0.25 (-1.11%)

SHLS Shoals Technologies
$34.01 /

+0.12 (+0.35%)

RIDE Lordstown Motors
$9.37 /

-0.39 (-4.00%)

PLNT Planet Fitness
$84.85 /

-1.73 (-2.00%)

FSR Fisker
$13.64 /

-1.515 (-10.00%)

WBT Welbilt
$22.35 /

-0.25 (-1.11%)

SHLS Shoals Technologies
$34.01 /

+0.12 (+0.35%)

RIDE Lordstown Motors
$9.37 /

-0.39 (-4.00%)

PLNT Planet Fitness
$84.85 /

-1.73 (-2.00%)

FSR Fisker
$13.64 /

-1.515 (-10.00%)

Recommendations
Middleby price target raised to $220 from $190 at Jefferies » 09:18
04/22/21
04/22
09:18
04/22/21
09:18
MIDD

Middleby

$182.13 /

+15.24 (+9.13%)

, WBT

Welbilt

$22.60 /

+6.97 (+44.59%)

Jefferies analyst Saree…

Jefferies analyst Saree Boroditsky raised the firm's price target on Middleby (MIDD) to $220 from $190 and keeps a Buy rating on the shares, citing a positive view of the company's planned combination with Welbilt (WBT). Given a combination of higher volumes and cost savings, Boroditsky sees potential for the combined company to earn over $12 per share in 2023.

ShowHide Related Items >><<
WBT Welbilt
$22.60 /

+6.97 (+44.59%)

MIDD Middleby
$182.13 /

+15.24 (+9.13%)

MIDD Middleby
$182.13 /

+15.24 (+9.13%)

04/22/21 JPMorgan
Middleby price target raised to $169 from $155 at JPMorgan
04/22/21 KeyBanc
Middleby price target raised to $210 from $195 at KeyBanc
04/22/21 KeyBanc
Welbilt downgraded to Sector Weight from Overweight at KeyBanc
04/21/21 Baird
Baird views Middleby, Welbilt deal 'very favorably' for holders of both
WBT Welbilt
$22.60 /

+6.97 (+44.59%)

WBT Welbilt
$22.60 /

+6.97 (+44.59%)

MIDD Middleby
$182.13 /

+15.24 (+9.13%)

WBT Welbilt
$22.60 /

+6.97 (+44.59%)

MIDD Middleby
$182.13 /

+15.24 (+9.13%)

WBT Welbilt
$22.60 /

+6.97 (+44.59%)

Recommendations
Middleby price target raised to $169 from $155 at JPMorgan » 07:32
04/22/21
04/22
07:32
04/22/21
07:32
MIDD

Middleby

$182.13 /

+15.24 (+9.13%)

, WBT

Welbilt

$22.60 /

+6.97 (+44.59%)

JPMorgan analyst Thomas…

JPMorgan analyst Thomas Simonitsch raised the firm's price target on Middleby (MIDD) to $169 from $155 and keeps a Neutral rating on the shares after the company announced the acquisition of Welbilt (WBT) and preannounced Q1 orders growth across all segments. The Q1 preannouncement provided a "favorable tailwind" to the stock yesterday and the announced acquisition is a positive in terms strategic rationale, multiple paid, conservative synergy targets and timing, Simonitsch tells investors in a research note.

ShowHide Related Items >><<
WBT Welbilt
$22.60 /

+6.97 (+44.59%)

MIDD Middleby
$182.13 /

+15.24 (+9.13%)

MIDD Middleby
$182.13 /

+15.24 (+9.13%)

04/22/21 KeyBanc
Middleby price target raised to $210 from $195 at KeyBanc
04/22/21 KeyBanc
Welbilt downgraded to Sector Weight from Overweight at KeyBanc
04/21/21 Baird
Baird views Middleby, Welbilt deal 'very favorably' for holders of both
04/16/21 Baird
Middleby price target raised to $195 from $192 at Baird
WBT Welbilt
$22.60 /

+6.97 (+44.59%)

03/11/21 Citi
Welbilt price target raised to $19 from $13 at Citi
WBT Welbilt
$22.60 /

+6.97 (+44.59%)

MIDD Middleby
$182.13 /

+15.24 (+9.13%)

WBT Welbilt
$22.60 /

+6.97 (+44.59%)

MIDD Middleby
$182.13 /

+15.24 (+9.13%)

WBT Welbilt
$22.60 /

+6.97 (+44.59%)

Recommendations
Middleby price target raised to $210 from $195 at KeyBanc » 06:22
04/22/21
04/22
06:22
04/22/21
06:22
MIDD

Middleby

$182.13 /

+15.24 (+9.13%)

, WBT

Welbilt

$22.60 /

+6.97 (+44.59%)

KeyBanc analyst Jeffrey…

KeyBanc analyst Jeffrey Hammond raised the firm's price target on Middleby (MIDD) to $210 from $195 and reiterates an Overweight rating on the shares following the announced acquisition of Welbilt (WBT). The analyst thinks Middleby is buying a "high quality, complementary asset at the front end of a multi-year recovery." He sees "reasonable" synergy targets withroom for upside and no stress on its balance sheet.

ShowHide Related Items >><<
WBT Welbilt
$22.60 /

+6.97 (+44.59%)

MIDD Middleby
$182.13 /

+15.24 (+9.13%)

MIDD Middleby
$182.13 /

+15.24 (+9.13%)

04/22/21 KeyBanc
Welbilt downgraded to Sector Weight from Overweight at KeyBanc
04/21/21 Baird
Baird views Middleby, Welbilt deal 'very favorably' for holders of both
04/16/21 Baird
Middleby price target raised to $195 from $192 at Baird
03/11/21 Citi
Middleby price target raised to $185 from $140 at Citi
WBT Welbilt
$22.60 /

+6.97 (+44.59%)

03/11/21 Citi
Welbilt price target raised to $19 from $13 at Citi
03/01/21 BMO Capital
Welbilt price target raised to $17.00 from $8.50 at BMO Capital
WBT Welbilt
$22.60 /

+6.97 (+44.59%)

MIDD Middleby
$182.13 /

+15.24 (+9.13%)

WBT Welbilt
$22.60 /

+6.97 (+44.59%)

MIDD Middleby
$182.13 /

+15.24 (+9.13%)

WBT Welbilt
$22.60 /

+6.97 (+44.59%)

Downgrade
Welbilt downgraded to Sector Weight from Overweight at KeyBanc » 06:21
04/22/21
04/22
06:21
04/22/21
06:21
WBT

Welbilt

$22.60 /

+6.97 (+44.59%)

, MIDD

Middleby

$182.13 /

+15.24 (+9.13%)

KeyBanc analyst Jeffrey…

KeyBanc analyst Jeffrey Hammond downgraded Welbilt (WBT) to Sector Weight from Overweight without a price target following the Middleby (MIDD) takeover agreement. The analyst sees the likelihood of another bidder emerging as low.

ShowHide Related Items >><<
WBT Welbilt
$22.60 /

+6.97 (+44.59%)

MIDD Middleby
$182.13 /

+15.24 (+9.13%)

WBT Welbilt
$22.60 /

+6.97 (+44.59%)

04/21/21 Baird
Baird views Middleby, Welbilt deal 'very favorably' for holders of both
03/11/21 Citi
Welbilt price target raised to $19 from $13 at Citi
03/01/21 BMO Capital
Welbilt price target raised to $17.00 from $8.50 at BMO Capital
02/26/21 Baird
Welbilt price target raised to $18 from $17 at Baird
MIDD Middleby
$182.13 /

+15.24 (+9.13%)

04/16/21 Baird
Middleby price target raised to $195 from $192 at Baird
03/11/21 Citi
Middleby price target raised to $185 from $140 at Citi
03/09/21 BMO Capital
Middleby price target raised to $225 from $150 at BMO Capital
WBT Welbilt
$22.60 /

+6.97 (+44.59%)

MIDD Middleby
$182.13 /

+15.24 (+9.13%)

WBT Welbilt
$22.60 /

+6.97 (+44.59%)

WBT Welbilt
$22.60 /

+6.97 (+44.59%)

WBT Welbilt
$22.60 /

+6.97 (+44.59%)

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