Morgan Stanley resumed coverage of Performance Food Group (PFGC) with an Equal Weight rating and $92 price target post the Cheney Bros acquisition. The firm remains a “bit more cautious” on the company’s sales growth for now, saying the stock’s valuation after the recent outperformance reflects the new developments.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PFGC:
- Performance Food Group price target raised to $98 from $88 at Barclays
- Performance Food Group named Franchise Pick at Jefferies
- Performance Food Group price target raised to $88 from $83 at Wells Fargo
- Performance Food Group Expands with Cheney Bros. Acquisition
- Navigating the Debt Dilemma: Performance Food Group’s $4 Billion Challenge