Truist raised the firm’s price target on Performance Food Group (PFGC) to $101 from $88 and keeps a Buy rating on the shares after its Q1 results. The company’s organic independent case growth significantly outperformed peers, accelerating while that of others decelerated, the analyst tells investors in a research note. These share gains, combined with improving underlying demand and compelling recent acquisitions, give Truist confidence in FY25 sales guidance, which may prove conservative, the firm added.
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