Analysts’ Opinions Are Mixed on These Conglomerates Stocks: The Middleby Corp (NASDAQ: MIDD) and Magna International (NYSE: MGA)

By Austin Angelo

Companies in the Conglomerates sector have received a lot of coverage today as analysts weigh in on The Middleby Corp (NASDAQ: MIDD) and Magna International (NYSE: MGA).

The Middleby Corp (NASDAQ: MIDD)

In a report issued on June 22, Joel Tiss from BMO Capital reiterated a Buy rating on The Middleby Corp (NASDAQ: MIDD), with a price target of $150. The company’s shares closed yesterday at $121.56.

According to TipRanks.com, Tiss is a 4-star analyst with an average return of 10.2% and a 63.7% success rate. Tiss covers the Industrial Goods sector, focusing on stocks such as Carlisle Companies Inc, Wabash National Corp, and Illinois Tool Works.

The Middleby Corp has an analyst consensus of Moderate Buy, with a price target consensus of $150.

Magna International (NYSE: MGA)

BMO Capital analyst Peter Sklar reiterated a Hold rating on Magna International (NYSE: MGA) on June 22 and set a price target of $47. The company’s shares closed yesterday at $45.09, close to its 52-week low of $32.76.

According to TipRanks.com, Sklar is a 4-star analyst with an average return of 12.2% and a 55.6% success rate. Sklar covers the Services sector, focusing on stocks such as Restaurant Brands International, Alimentation Couche Tard, and Loblaw Companies Limited.

Magna International has an analyst consensus of Moderate Buy, with a price target consensus of $54.

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