Chefs’ Warehouse price target raised to $51 from $44 at Jefferies

Jefferies analyst Andy Barish raised the firm’s price target on Chefs’ Warehouse to $51 from $44 and keeps a Buy rating on the shares. In a Q2 foodservice distribution preview note, the analyst pointed to Q2 results being “mostly inline,” but added that the firm sees EBITDA growth as set to accelerate in the second half and FY25 as elevated OpEx from acquisition integrations diminishes.