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Jefferies raises PT on Middleby, sees major shifts in 2026

ReutersJan 15, 2026 1:17 PM

Jefferies raises PT on food processing equipment maker Middleby MIDD.O to $180 from $175, reiterates "buy" rating

New PT represents a 16.8% upside to stock's last close

Says major changes are expected in 2026, with co's residential joint venture closing in the first quarter, pending approvals, and food processing separation targeted for the first half

Adds despite third-quarter sales growth, MIDD to see sales decline in Q4 2025 "reflecting choppiness in chain activity vs. a change in overall demand conditions"

7 of 10 brokerages rate stock "buy" or higher and 3 "hold"; median PT is $168 - data compiled by LSEG

MIDD gained 10.6% in 2025

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