Middleby Corp Reaches Analyst Target Price
September 19, 2018 at 09:11 AM EDT
In recent trading, shares of Middleby Corp (MIDD) have crossed above the average analyst 12-month target price of $126.28, changing hands for $126.56/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..