BUZZ-Middleby rises as Jefferies lifts to 'buy', hikes PT
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Jefferies upgraded Middleby to 'buy' from 'hold', raising the price target to $175, indicating a 35.7% upside. The brokerage expects strong growth in Middleby's Commercial Foodservice business, driven by organic expansion, better margins, and share repurchases. Jefferies adjusted EPS forecasts for 2025 and 2026, while the stock is rated 'hold' by 10 brokerages with a median PT of $165.50. Middleby shares are up 2.2% premarket, but down 4.8% YTD.
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