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JP Morgan Upgrades Middleby to Overweight, Raises Price Target to $147

BenzingaBenzinga Newsdesk

JP Morgan analyst Tami Zakaria upgrades Middleby (NASDAQ:MIDD) from Neutral to Overweight and raises the price target from $141 to $147.

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Keep reading

  1. SEC EDGARSEC EDGAR

    8-K filing — MIDDLEBY Corp (MIDD)

    Filed: 2026-09-10 AccNo: 0001104659-26-106538 Size: 5 MB Item 7.01: Regulation FD Disclosure Item 9.01: Financial Statements and Exhibits

  2. BenzingaBenzinga Newsdesk

    The Middleby Says Brewing Group Discontinued After $24M Revenue, ~$9M EBITDA Loss In 2025; FY26 Revenue Guidance Reiterated At $2.48B-2.53B, $572M-588M EBITDA & $6.73–6.89 EPS, With 2025–2028 Targets Of 3%-6% Sales Growth, 6%-9% EBITDA & 10%-15% EPS CAGR

    In 2025, the Brewing Group represented $24 million of the company’s net sales with an approximate loss of $9 million in adjusted EBITDA(1), an approximate 60 basis negative impact to adjusted EBITDA margin. The company