Jefferies raised the firm’s price target on Performance Food Group (PFGC) to $107 from $102 and keeps a Buy rating on the shares. The firm views 2025 as “poised to be a largely normal year for Restaurants,” with a competitive landscape in value proposition, fighting for traffic share in a cautious consumer environment and “perhaps more separation” between relative winners and losers, the analyst tells investors in a Restaurants and Foodservice Distribution outlook note. In Restaurants, the analyst’s top pick is McDonald’s (MCD) and in Foodservice Distribution the firm’s top pick is Performance Food, the analyst noted.
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