Performance Food Group price target raised to $75 from $72 at Truist

Truist analyst Jake Bartlett raised the firm’s price target on Performance Food Group to $75 from $72 and keeps a Buy rating on the shares as part of a broader research note on Restaurants coming out of the ICR Conference presentations. The analyst states that he remains positive on the group as most management teams confirmed that restaurant demand is still solid, with the conference reinforcing his broadly bullish view of restaurant and foodservices distribution stocks. Bartlett further cites incrementally easier staffing trends as well as easing wage and commodity inflation.