Jefferies analyst Alexander Slagle raised the firm’s price target on Performance Food Group to $77 from $73 and keeps a Buy rating on the shares. Performance Food’s EBITDA beat as gross margin upside more than offset a slight top-line miss, with momentum in the highest-margin businesses surprising, the analyst tells investors in a research note.
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Read More on PFGC:
- Performance Food Group price target raised to $76 from $74 at Barclays
- Performance Food backs 3-year revenue view $62-$64B, adj. EBITDA $1.5B -$1.7B
- Performance Food Group sees FY24 revenue $59B-$60B, consensus $59.97
- Performance Food Group sees Q1 revenue $14.7B-$15.0B, consensus $15.22B
- Performance Food Group reports Q4 EPS $1.14, consensus $1.14
