Wells Fargo analyst Edward Kelly raised the firm’s price target on Performance Food Group (PFGC) to $115 from $100 and keeps an Overweight rating on the shares. The firm notes Performance Food Group delivered a strong Q4 update, as earnings beat, share gain remained robust, and it seems to be executing well against the multi-year algo. Probability of a US Foods (USFD) deal dropped post comments, but keeps the floor high on this stock, Wells says, adding that it remains bullish.
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