Performance Food Group price target raised to $90 from $82 at UBS

UBS raised the firm’s price target on Performance Food Group to $90 from $82 and keeps a Buy rating on the shares. There were multiple positive takeaways from Performance Food’s Q2 earnings results, though a combination of high pre-print expectations and conservative Q3 guidance helped keep its shares in check for the day, the analyst tells investors in a research note. The firm sees a favorable risk/reward setup for the stock going forward.