Wells Fargo analyst Edward Kelly raised the firm’s price target on Performance Food Group to $72 from $66 as he believes upside to consensus and his estimates should be rewarded with multiple expansion closer to pre-pandemic levels. The analyst keeps an Overweight rating on the shares.
Published first on TheFly
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Read More on PFGC:
- Brinker downgraded to Hold from Buy at Jefferies
- Performance Food Group price target raised to $72 from $60 at Deutsche Bank
- Performance Food Group sees FY23 revenue $57B-$59B, consensus $57.4B
- Performance Food Group widens Q2 revenue to $13.6B-$13.9B, consensus $13.74B
- Performance Food Group reports Q1 EPS $1.08, consensus 80c
