
Sep 20, 2026
Bank of America Corp DE Invests $138.80 Million in The Middleby Corporation $MIDD
Bank of America Corp DE has made a significant investment in The Middleby Corporation (NASDAQ:MIDD), acquiring 806,947 shares valued at approximately $138.8 million, representing a 1.78% stake in the company. Middleby recently surpassed quarterly earnings expectations but saw a 10.5% year-over-year revenue decline. Analyst sentiment for Middleby is mixed, with a consensus "Hold" rating and a target price of $159.50, although some firms have recently downgraded the stock or reduced price targets.
Company relevance
100.00%
Company sentiment
Neutral
Overall sentiment
Somewhat-Bullish