Performance Food Group price target raised to $105 from $100 at Guggenheim

Guggenheim raised the firm’s price target on Performance Food Group (PFGC) to $105 from $100 and keeps a Buy rating on the shares. The company’s investor day on May 28 should “hold few surprises” as it relates to strategic initiatives, three-year financial targets, and capital allocation priorities, but should reinforce the company’s top line growth-oriented approach to a foodservice distribution model, the analyst tells investors in a preview of the event.