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Fly News Breaks for January 17, 2020
MIDD, MCD, WBT
Jan 17, 2020 | 10:24 EDT
Buckingham analyst James Clement noted that Business Insider reported on a leaked email from the McDonald's (MCD) National Owners Association that stressed to corporate that they would like to see the national launch of a competitive southern-style crispy chicken sandwich. His understanding is that the preparation of the new sandwich, which is currently in testing, uses Middleby's (MIDD) Blodgett combination ovens prior to flash-frying in fryers generally made by Welbilt (WBT) or Middleby's Pitco division, Clement tells investors. Following the Business Insider report, he maintains his Buy rating and $153 price target on Middleby shares.
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