Piper Sandler analyst Brian Mullan downgraded Performance Food Group (PFGC) to Neutral from Overweight with a price target of $90, down from $92, following the fiscal Q2 report. The new price target implies only 3% upside from current levels, which leads Piper to view the risk/reward as more balanced at current levels, hence the rating change, the analyst tells investors in a research note. The firm is a little less optimistic around the state of restaurant industry traffic for the first half of 2025.
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Read More on PFGC:
- Performance Food Group downgraded to Neutral from Overweight at Piper Sandler
- Performance Food Group price target raised to $105 from $100 at BMO Capital
- Performance Food Group price target raised to $100 from $95 at Guggenheim
- Performance Food Group price target lowered to $102 from $103 at Barclays
- Performance Food Group Co. Reports Solid Q2 Fiscal 2025 Results
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