Performance Food Group price target raised to $93 from $92 at Morgan Stanley

Morgan Stanley analyst Brian Harbour raised the firm’s price target on Performance Food Group (PFGC) to $93 from $92 and keeps an Equal Weight rating on the shares after the company hosted an investor day and rolled to a new three-year plan as its prior one winds down. The company is likely to be comfortably within the financial targets laid out for FY25 and reiterated FY25 goals, notes the analyst, who called the event “largely down the middle” and one that “showed the consistency of PFGC’s strategy.”