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Fly News Breaks for February 2, 2018
PFGC
Feb 2, 2018 | 13:31 EDT
Loop Capital analyst Andrew Wolf raised his price target on Performance Food Group to $40 ahead of the company's Q2 earnings, expecting positive sentiment from lower tax rates. Wolf adds that the competitive environment in the food service distribution industry remains relatively benign, thus expecting the positive cash from lower taxes to flow to shareholders via dividends or business expansion through M&A. The analyst keeps his Buy rating on Performance Food Group.
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