Jefferies is naming Performance Food Group to the firm’s Franchise Picks list that screens for names with differentiated analysis, supported by catalysts, and sit at valuation levels that suggest upside. The company offers a “distinctive and robust pipeline” with exposure to multiple industries beyond traditional foodservice categories, such as the high-margin foodservice business within convenience, micro markets in Vistar, and new chain businesses with better profit profiles, the analyst tells investors in a research note. Jefferies also rates Performance Food Group at Buy with $95 price target
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