US Foods price target raised to $88 from $80 at Guggenheim

Guggenheim analyst John Heinbockel raised the firm’s price target on US Foods (USFD) to $88 from $80 and keeps a Buy rating on the shares. The firm attributes relative underperformance since Thursday’s Q2 earnings print to “a rare top- and bottom-line dichotomy,” but is raising its EBITDA estimates and price target to reflect new cost of goods sold initiatives, the analyst tells investors in a post-earnings note.