Middleby stock holds near $111 after JPMorgan raises target

Published on 09/17/2026 at 19:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Middleby stock traded at USD 111.07 on September 17, 2026, after JPMorgan lifted its target to USD 147 from USD 141. FY2026 revenue was USD 3.39 billion and adjusted EPS was USD 6.58.

MIDD, US5962781010, Illustration mit AI erstellt.

The Middleby Corporation stock (ISIN US5962781010) traded at USD 111.07 on September 17, 2026, down 1.10 percent, after JPMorgan raised its target to USD 147 from USD 141 on September 15, 2026. Yahoo Finance showed a market cap of USD 5.023 billion, a 52-week range of USD 89.16 to USD 148.55, and volume of 95,078 shares as of 11:34:19 AM EDT.

FY2026 still sets the frame

For investors, the latest reported numbers still matter more than the day's move. Yahoo Finance showed Middleby revenue of USD 3.39 billion, net income attributable to common shareholders of USD 320.04 million and diluted EPS of USD 6.58 on a trailing basis as of September 17, 2026.

The same data set also put profit margin at -13.91 percent, total cash at USD 161.1 million and levered free cash flow at USD 604.1 million. That mix explains why the stock can trade well below the 52-week high even after a target increase.

What JPMorgan changed

JPMorgan's September 15, 2026 update came with an upgrade to Overweight and a price target increase to USD 147 from USD 141, according to Yahoo Finance. The new target sits 32.4 percent above the intraday price of USD 111.07 cited by Yahoo Finance on September 17, 2026.

The stock still trails the 52-week high of USD 148.55 by USD 37.48, or 25.2 percent, while it remains 24.6 percent above the 52-week low of USD 89.16. That spread leaves the valuation debate centered on whether the current earnings base can support further re-rating.