Here's Why Hold Strategy is Apt for Middleby (MIDD) Stock Now

The Middleby Corporation (MIDD) has been benefiting from strength in the Food Processing segment despite weakness in the Residential Kitchen Equipment Group segment and rising costs and expenses.What’s Aiding MIDD?Business Strength: Middleby is poised to benefit from a robust backlog level and strong incoming order growth. Also, the company’s initiative to introduce new products, robust product portfolio and investments in the innovation centers are driving growth. Improvements in end-market conditions and ...