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.
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Read More on PFGC:
- Performance Food Group price target raised to $100 from $95 at Barclays
- Performance Food Group Reports Strong Sales Growth Amid Challenges
- Performance Food Group Co. Earnings Call Highlights Mixed Sentiment
- Performance Food Group reports Q3 adjusted EPS 79c, consensus 87c
- Performance Food Group narrows FY25 revenue view to $63B-$63.5B from $63B-$64B
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