Performance Food Group price target raised to $100 from $88 at Wells Fargo

Wells Fargo raised the firm’s price target on Performance Food Group (PFGC) to $100 from $88 and keeps an Overweight rating on the shares. The firm notes the company’s Q1 fell a touch short of expectations, but bullish comments on improving trends, clear share gains, growing evidence of conservative guidance, and an accommodating valuation point to upside ahead.