US Foods price target raised to $75 from $61 at Piper Sandler

Piper Sandler analyst Brian Mullan raised the firm’s price target on US Foods (USFD) to $75 from $61 and keeps an Overweight rating on the shares following quarterly results. On the call, management noted that its independent restaurant market share gains accelerated in the Q3 versus the Q2, which was an encouraging data point to hear, the firm says.