Piper Sandler assumed coverage of Performance Food Group with an Overweight rating and $72 price target, citing the quality of their management, the company’s track record of execution, and their focus on Convenience Distribution which provides the stock a runway.
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Read More on PFGC:
- Performance Food Group price target raised to $70 from $66 at Barclays
- Performance Food Group backs FY24 revenue view $59B-$60B, consensus $59.43B
- Performance Food Group sees Q2 revenue $14B-$14.3B, consensus $14.4B
- Performance Food Group reports Q1 EPS $1.15, consensus $1.09
- Notable companies reporting before tomorrow’s open
