Truist raised the firm’s price target on Performance Food Group (PFGC) to $101 from $88 and keeps a Buy rating on the shares after its Q1 results. The company’s organic independent case growth significantly outperformed peers, accelerating while that of others decelerated, the analyst tells investors in a research note. These share gains, combined with improving underlying demand and compelling recent acquisitions, give Truist confidence in FY25 sales guidance, which may prove conservative, the firm added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on PFGC:
- Performance Food Group price target raised to $95 from $87 at BMO Capital
- Performance Food Group price target raised to $95 from $90 at Guggenheim
- Performance Food Group price target raised to $102 from $98 at UBS
- Performance Food Group price target raised to $102 from $98 at Barclays
- Performance Food Group price target raised to $100 from $88 at Wells Fargo
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
