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Citigroup has initiated coverage of Performance Food Group Company (NYSE: PFGC) with a "Buy" rating and a price target of $121.00, highlighting the company's favorable operational shifts, particularly in its Convenience segment. The analyst noted improvements in higher-margin foodservice sales and potential for mergers and acquisitions, suggesting strong growth opportunities in the evolving market dynamics of foodservice and convenience sectors.
Citigroup has initiated coverage of Performance Food Group Company (NYSE: PFGC) with a "Buy" rating and a price target of $121.00, highlighting the company's favorable operational shifts, particularly in its Convenience segment. Analysts noted a decline in low-margin product sales and an increase in higher-margin foodservice sales, suggesting strong long-term growth potential, especially in the convenience store sector. The firm also sees opportunities for mergers and acquisitions, given PFGC's smaller size and regional presence, which could enhance its financial performance.
Barclays has maintained an "Overweight" rating on Performance Food Group (PFGC) and raised its price target from $95.00 to $100.00, reflecting a 5.26% increase. Analysts project an average target price of $99.86, indicating a potential upside of 15.38% from the current price of $86.55. However, GuruFocus estimates a fair value of $72.88, suggesting a downside of 15.79%.
Barclays has raised its price target for Performance Food Group (PFGC) from $95 to $100, maintaining an Overweight rating despite a fiscal third quarter that fell short of expectations. Analysts forecast an average target price of $99.86, indicating a potential upside of 20.43% from the current price of $82.92. Positive developments include a 10.5% increase in total net sales and a 29% growth in Foodservice segment adjusted EBITDA, while the company generated $827.1 million in operating cash flow in the first nine months of fiscal 2025.
Performance Food Group Company operates in three segments: Foodservice, Vistar, and Convenience, distributing a wide range of food and food-related products. It serves over 300,000 customers across the United States from approximately 144 distribution facilities, offering more than 250,000 products. UBS has reiterated its buy recommendation for the company.
Performance Food Group Company, a leading food and foodservice distribution entity, has received a Buy rating from UBS. The company operates through three segments: Foodservice, Vistar, and Convenience, distributing over 250,000 products to more than 300,000 customers across North America from approximately 144 distribution facilities.
Performance Food Group Company
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Citigroup Rates Performance Food Group as Buy with Price Target of 121 Dollars
21:47 24.05.2025
Citigroup Rates Performance Food Group as Buy with Price Target of 121 Dollars
21:44 24.05.2025
Barclays raises price target for Performance Food Group amid positive outlook
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performance food group company maintains strong market position with diverse distribution segments
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