BTIG raised the firm’s price target on US Foods (USFD) to $110 from $82 and keeps a Buy rating on the shares. The company delivered similar fundamental results in Q4 as they have over the past 12-18 months, with modestly weaker case volume more than offset by cost savings and efficiency efforts leading to double-digit adjusted EBITDA and EPS growth, the analyst tells investors in a research note.
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Read More on USFD:
- US Foods: Sustained Margin Expansion and Earnings Power Support Buy Rating and Higher Price Target
- US Foods price target raised to $115 from $95 at Guggenheim
- US Foods price target raised to $118 from $95 at Citi
- US Foods price target raised to $104 from $90 at Barclays
- US Foods downgraded to Neutral from Overweight at Piper Sandler