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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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