Piper Sandler upgraded Performance Food Group (PFGC) to Overweight from Neutral with a price target of $114, up from $90. The firm likes the stock’s risk/reward at current levels, saying execution of the company’s strategy and multi-year financial targets should drive upside. In addition, the ongoing situation with US Foods (USFD) could lead to upside beyond the price target, the analyst tells investors in a research note.
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