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.
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Read More on PFGC:
- Performance Food Group Reports Strong Sales Growth
- Performance Food Group reports Q1 EPS $1.16, consensus $1.22
- Performance Food Group Co. (PFGC) Q1 Earnings Cheat Sheet
- Performance Food Group resumed with an Equal Weight at Morgan Stanley
- Performance Food Group price target raised to $98 from $88 at Barclays