** Jefferies raises PT on food processing equipment maker Middleby MIDD.O to $180 from $175, reiterates "buy" rating
** New PT represents a 16.8% upside to stock's last close
** Says major changes are expected in 2026, with co's residential joint venture closing in the first quarter, pending approvals, and food processing separation targeted for the first half
** Adds despite third-quarter sales growth, MIDD to see sales decline in Q4 2025 "reflecting choppiness in chain activity vs. a change in overall demand conditions"
** 7 of 10 brokerages rate stock "buy" or higher and 3 "hold"; median PT is $168 - data compiled by LSEG
** MIDD gained 10.6% in 2025
(Reporting by Megavarshini G. Somasundaram in Bengaluru)
((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))