Monday, January 15, 2018

Why Middleby Stock Rose Recently

After a disappointing year, stock in commercial cooking and processing equipment company The Middleby Corporation (NASDAQ:MIDD) rose 10% in November. The reason? On the third-quarter results presentation on Nov. 7, CEO Selim Bassoul served notice that the company's revenue outlook was improving, providing for "continued margin expansion for Middleby as we enter into 2018." 

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