US Foods price target raised to $95 from $88 at Guggenheim

Guggenheim raised the firm’s price target on US Foods (USFD) to $95 from $88 and keeps a Buy rating on the shares. The company’s appearance at the ICR Conference “reinforced the importance of broad-based self-help in sustaining the algo in a choppy macro backdrop,” says the analyst, who also notes that implied Q4 guidance was re-affirmed on share gain and labor productivity benefits.