Canaccord Genuity initiated coverage on Middleby with a new price target
$MIDD
Industrial Machinery/Components
Industrials
Canaccord Genuity initiated coverage of Middleby with a rating of Buy and set a new price target of $171.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/10/2025 | $175.00 | Hold → Buy | Jefferies |
| 11/7/2025 | $125.00 | Underweight → Neutral | Analyst |
| 9/4/2025 | $163.00 | Outperform | Wolfe Research |
| 12/12/2024 | $170.00 → $160.00 | Buy → Hold | Jefferies |
| 6/28/2024 | Mkt Perform | Raymond James | |
| 5/22/2024 | $145.00 → $118.00 | Neutral → Underweight | JP Morgan |
| 11/17/2022 | $171.00 | Buy | Canaccord Genuity |
| 8/26/2022 | $190.00 | Buy | The Benchmark Company |
26North Partners LP ("26North") and The Middleby Corporation ("Middleby") (NASDAQ:MIDD) announced that affiliates of 26North completed an acquisition of a controlling interest in Middleby's Residential Kitchen business. Middleby will retain a significant non-controlling ownership stake as part of the joint venture. Upon closing, the business has been rebranded as Composition Brands, marking its next chapter as an independent platform of iconic premium and ultra-luxury residential kitchen and outdoor living brands. Composition Brands is home to a curated collection of category-defining names, including Viking, AGA, Rangemaster, La Cornue, Lynx and U-Line. The new identity reflects a portfo
Transforms Middleby into Pure-Play Commercial Foodservice Leader Following Planned Food Processing Spin-Off $540 Million in Cash Proceeds Enhances Ongoing Capital Return Program Following Approximately $720 Million Returned to Shareholders in 2025 Shares Outstanding Reduced By Approximately 9% in 2025 The Middleby Corporation ("Middleby") (NASDAQ:MIDD) today announced the completion of the previously announced transaction to sell a 51% stake in its Residential Kitchen business to an affiliate of 26North Partners LP ("26North"). "The completion of this transaction is the first step in Middleby's transformation into a pure-play commercial foodservice equipment company with a comprehen
Transforms Middleby into a Pure-Play Leader in Commercial Foodservice Equipment Following the Announced Spin-off of Food Processing Approximately $540 million of Cash Proceeds Available to Repurchase Shares and Optimize Capital Structure Ahead of Food Processing Spin-off Transaction is the Culmination of Middleby Board of Directors' Strategic Review of Business Portfolio in Order to Maximize Shareholder Value Conference Call and Webcast to Discuss Announcement at 8:30 a.m. Eastern Time Today The Middleby Corporation ("Middleby") (NASDAQ:MIDD) today announced entry into a definitive agreement under which it will sell a 51% stake in its Residential Kitchen business to affiliates of 26Nort
8-K - MIDDLEBY Corp (0000769520) (Filer)
8-K - MIDDLEBY Corp (0000769520) (Filer)
SCHEDULE 13G/A - MIDDLEBY Corp (0000769520) (Subject)
4 - MIDDLEBY Corp (0000769520) (Issuer)
4 - MIDDLEBY Corp (0000769520) (Issuer)
4 - MIDDLEBY Corp (0000769520) (Issuer)
Jefferies upgraded Middleby from Hold to Buy and set a new price target of $175.00
Analyst upgraded Middleby from Underweight to Neutral and set a new price target of $125.00
Wolfe Research initiated coverage of Middleby with a rating of Outperform and set a new price target of $163.00
4 - MIDDLEBY Corp (0000769520) (Issuer)
4 - MIDDLEBY Corp (0000769520) (Issuer)
4 - MIDDLEBY Corp (0000769520) (Issuer)
Transforms Middleby into a Pure-Play Leader in Commercial Foodservice Equipment Following the Announced Spin-off of Food Processing Approximately $540 million of Cash Proceeds Available to Repurchase Shares and Optimize Capital Structure Ahead of Food Processing Spin-off Transaction is the Culmination of Middleby Board of Directors' Strategic Review of Business Portfolio in Order to Maximize Shareholder Value Conference Call and Webcast to Discuss Announcement at 8:30 a.m. Eastern Time Today The Middleby Corporation ("Middleby") (NASDAQ:MIDD) today announced entry into a definitive agreement under which it will sell a 51% stake in its Residential Kitchen business to affiliates of 26Nort
The Middleby Corporation (NASDAQ:MIDD) will release 2025 third quarter earnings on Thursday, November 6, 2025 at 7 a.m. Eastern Time. The company has scheduled a conference call to discuss the results at 8:30 a.m. Eastern Time on November 6, 2025. The call is accessible through the Investor Relations section of the company website at www.middleby.com. If website access is not available, attendees can join the conference through the domestic dial-in 1-800-343-5172 or international access 1-203-518-9856 with the Conference ID: MIDDQ3. About The Middleby Corporation The Middleby Corporation is a global leader in the foodservice industry. The company develops and manufactures a broad line o
Acquisition Expands Food Processing Portfolio and Full-Line Solutions for Bakery Business The Middleby Corporation (NASDAQ:MIDD), a leading worldwide manufacturer of equipment solutions for commercial foodservice, food processing, and residential kitchens, today announced the acquisition of Oka-Spezialmaschinenfabrik GmbH & Co. KG (Oka), expanding its portfolio of Middleby Food Processing equipment innovations. Oka is a leading designer and manufacturer of industrial extrusion, molding, depositing and cutting industrial production equipment in bakery, confectionery and pet-food markets. Based in Darmstadt, Germany, the company has annual revenues of $12 million. "Oka is a perfect comple
The Middleby Corporation (NASDAQ:MIDD), a global leader in foodservice equipment and technology, today announced the appointment of Rebecca Ellin as Senior Vice President, Investor Strategy and Corporate Development. This newly created role reflects Middleby's strategic focus on accelerating growth and enhancing stakeholder engagement as the Company executes its transformation initiatives, including the planned Food Processing segment spinoff. Rebecca will report directly to Tim FitzGerald, Chief Executive Officer, and collaborate closely with Middleby's executive leadership team to drive investor engagement while participating in the development of the Company's long-term growth strategy
Michael Casamento to return home to Australia to be closer to his family on a full-time basis; Will leave the Company as a result, remaining in an advisory role until June 30, 2026 to support transition Company reaffirms Fiscal 2026 and first quarter Fiscal 2026 outlook ZURICH, Oct. 9, 2025 /PRNewswire/ -- Amcor (NYSE:AMCR, ASX: AMC)), a global leader in consumer packaging and dispensing solutions for Nutrition, Health, Beauty and Wellness, announced the appointment of Stephen R. Scherger as Executive Vice President and Chief Financial Officer, effective Nov. 10, 2025. Mr. Scherger succeeds Michael Casamento, who after ten years as Amcor's Chief Financial Officer has decided to return home t
The Middleby Corporation (NASDAQ:MIDD), a leading worldwide manufacturer of equipment for commercial foodservice, residential kitchens and food processing industries, today announced the appointment of Julie Bowerman and Ed Garden to its Board of Directors, effective immediately. Ms. Bowerman is an experienced public company director with more than 25 years of success in the food and beverage industry. She currently serves as Chief Marketing Officer of Kellanova Company. Ms. Bowerman previously served as Chief Marketing Officer and E-Commerce Officer of Kellogg Company before Kellanova was created through a 2023 spin-off by Kellogg's. Prior to that, she held senior leadership positions at
SC 13G/A - MIDDLEBY Corp (0000769520) (Subject)
SC 13G/A - MIDDLEBY Corp (0000769520) (Subject)
SC 13G/A - MIDDLEBY Corp (0000769520) (Subject)