Published on 21 Jul 2024 on Insider Monkey · via Yahoo Finance
Why Are Analysts Bullish on The Middleby Corporation (MIDD) Now?
We recently compiled a list of the 10 Best Manufacturing Stocks To Buy According to Analysts. In this article, we are going to take a look at where The Middleby Corporation (NASDAQ:MIDD) stands against the other manufacturing stocks.
2024 is seeing a momentous shift in global manufacturing trends that have cemented themselves over the past three decades. After China opened its economy in 1978, its sizeable population coupled with low living standards that resulted in lower wages attracted Western firms to its shores. Fast forward to 2024 and the biggest Western companies all rely on Chinese firms for their mass production needs and the disputed region of Taiwan houses the world's biggest contract chip manufacturer.