Middleby price target lowered to $290 from $320 at RW Baird Baird lowered its price target to $290 on Middleby following Q1 results. The firm believes the "noise" surrounding Viking may also affect Q2 but expects it to be temporary, sees solid end demand, and likes management's track record of execution. Shares are Buy rated.
Middleby to acquire U-Line Corporation; terms not disclosed The Middleby Corporation announced it has entered into a definitive agreement to acquire the U-Line Corporation. U-Line is involved in the premium residential built-in modular ice making, refrigeration and wine preservation market. U-Line has annual revenues of approximately $60M.