US Foods price target raised to $87 from $80 at Wells Fargo

Wells Fargo raised the firm’s price target on US Foods (USFD) to $87 from $80 and keeps an Overweight rating on the shares. The firm says the company provided a solid Q2 beat and raise, but the probability of a PFGC deal took a hit on management comments, and case volume performance missed a higher bar. The story remains compelling under the noise, Wells adds.