Chefs’ Warehouse price target raised to $68 from $67 at UBS

UBS raised the firm’s price target on Chefs’ Warehouse (CHEF) to $68 from $67 and keeps a Buy rating on the shares. Chefs’ Warehouse’s results help to demonstrate its unique positioning among food distributors in the current macro, the analyst tells investors in a research note. Chefs’ should benefit from servicing a core customer that maintains more discretionary spending power and from its ability to operate as a solutions company for high end establishments looking to navigate the rapidly changing landscape, UBS argues.