On Nov 08, major Wall Street analysts update their ratings for $Performance Food (PFGC.US)$, with price targets ranging from $94 to $102.
Morgan Stanley analyst Brian Harbour maintains with a hold rating, and maintains the target price at $94.
UBS analyst Mark Carden maintains with a buy rating, and adjusts the target price from $90 to $102.
Jefferies analyst Alexander Slagle maintains with a buy rating, and adjusts the target price from $95 to $102.
Guggenheim analyst John Heinbockel maintains with a buy rating, and adjusts the target price from $72 to $95.
BMO Capital analyst Kelly Bania maintains with a buy rating, and adjusts the target price from $87 to $95.
Furthermore, according to the comprehensive report, the opinions of $Performance Food (PFGC.US)$'s main analysts recently are as follows:
The company is recognized for gaining market share, as noted in a recent earnings report.
Performance Food Group experienced a significant uptick in case volume during fiscal Q1, which overshadowed the limited profit realization amidst rising inflation.
Performance Food Group exhibited solid organic growth in Q1, propelled by sustained superior performance and increased market share with its principal independent restaurant client, with the robustness extending into October.
Though Q1 EBITDA and Q2 guidance were slightly below expectations, positive remarks regarding recent independent case growth momentum, along with a boost from the election outcomes, have contributed to the shares' rally. Additionally, there is anticipation of a clear path to $2.3 billion of EBITDA by 2028, which is expected to be the focus at the upcoming Investor Day in May.
The company's Q1 results were slightly below expectations, yet optimistic statements on improving trends, evident market share gains, signs of prudent guidance, and a favorable valuation suggest potential for growth.
Here are the latest investment ratings and price targets for $Performance Food (PFGC.US)$ from 6 analysts:
Note:
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