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Stock Market & Financial Investment News

News Breaks
January 1, 2013
14:40 EDTMIDDMiddleby acquires Viking Range for $380M
The Middleby Corporation announced the acquisition of Viking Range Corporation for $380M in cash. Viking is a leading manufacturer of premium residential cooking ranges, ovens and kitchen appliances. Headquartered in Greenwood, Mississippi, Viking has approximately $200 million in annual revenues.
News For MIDD From The Last 14 Days
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May 21, 2013
07:38 EDTMIDDMiddleby price target raised to $177 from $165 at RW Baird
Baird raised its price target on Middleby citing positive industry sentiment, above average growth prospects, free cash flow, and return on investment profile. Shares are Outperform rated.
May 13, 2013
07:56 EDTMIDDMiddleby price target raised to $171 from $158 at RBC Capital
RBC Capital increased its price target on Middleby after the company reported stronger than expected Q1 results. The firm thinks that the company's outlook is bullish but it keeps a Sector Perform rating on the stock.
May 10, 2013
07:49 EDTMIDDMiddleby price target raised to $165 from $156 at RW Baird
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May 8, 2013
19:37 EDTMIDDMiddleby reports Q1 EPS ex-charges $1.65, consensus $1.29
Reports Q1 revenue $327.45M, consensus $306.68M.

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