US Foods price target raised to $57 from $52 at Truist

Truist analyst Jake Bartlett raised the firm’s price target on US Foods to $57 from $52 and keeps a Buy rating on the shares. The company’s Q4 results saw more case growth and an adjusted EBITDA beat, along with “solid” guidance, the analyst tells investors in a research note. Positive momentum for US Foods should continue in FY24, driven by market share gains at its most profitable customer types, vendor relationship management and increased productivity, the firm added.