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Chefs’ Warehouse initiated with a Neutral at Piper Sandler

Piper Sandler analyst Brian Mullan initiated coverage of Chefs’ Warehouse (CHEF) with a Neutral rating and $66 price target The company has a track record of revenue and EBITDA growth, which has come via both organic and in-organic means, the analyst tells investors in a research note. The firm sees credibility in Chefs’ long-term financial targets but views the stock’s risk/reward as currently balanced and awaits for a better entry point.

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