$MIDD.US (Middleby Corp) Citi analyst Timothy Thein raised the firm's price target on Middleby to $215 from $200 and keeps a Buy rating on the shares.
The analyst is also updating estimates following Q3 results and to incorporate the 10-Q filing. His 2021 EPS estimate goes to $6.85, compared to $7.95 on an adjusted basis per Middleby calculations. His out-year estimates are raised as Thein assumes higher organic growth across each of the company's segments.
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