BTIG raised the firm’s price target on US Foods (USFD) to $76 from $72 and keeps a Buy rating on the shares after its Q3 earnings beat. Hurricanes in the southeast disrupted case volumes late in the quarter and early in Q4, though the firm was encouraged to hear of a bounce back in recent weeks and impressed that earnings were still able to top its estimate, the analyst tells investors in a research note.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio