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PFGC

Performance Food Group

$32.66

0.6 (1.87%)

10:45
11/14/18
11/14
10:45
11/14/18
10:45

Loop Capital 'strongly' reiterates Buy on Performance Food after buyback plan

Loop Capital analyst Andrew Wolf points out that Performance Food Group's $250M buyback announced this morning is its first since the company went public in 2015. After speaking to management, the analyst believes the repurchase authorization signals the company believes the stock is undervalued and that current acquisition deal economics "are a bit rich." The analyst "strongly" reiterates a Buy rating on Performance Food, calling the stock one of his best ideas with $30% upside to his $42 price target.

PFGC Performance Food Group
$32.66

0.6 (1.87%)

07/19/18
LOOP
07/19/18
NO CHANGE
Target $47
LOOP
Buy
Performance Food Group price target raised to $47 from $43 at Loop Capital
Loop Capital analyst Andrew Wolf raised his price target on Performance Food Group to $47 and kept his Buy rating, citing the recovery in the food service sales trends during Q2 thanks to improving consumer sentiment and lower tax rates. Wolf also points to the company's "industry leading sales productivity, operational efficiency and strong competitive positioning", adding that its Vistar segment should again be the "catalyst" in Q3 after leading in terms of profit contribution in Q2.
08/15/18
LOOP
08/15/18
NO CHANGE
Target $42
LOOP
Buy
Performance Food Group price target lowered to $42 from $47 at Loop Capital
Loop Capital analyst Andrew Wolf lowered his price target for Performance Food Group to $42 from $47 following its Q4 earnings miss on cost pressures. While the analyst also lowered his 2019 earnings forecasts, he anticipates a return to profitability in the second half of 2019 and into 2020. Wolf reiterates a Buy rating on the shares. In afternoon trading, shares of Performance Food Group have dropped almost 11% to $33.60.
08/16/18
WELS
08/16/18
NO CHANGE
Target $44
WELS
Outperform
Performance Food Group should be bought on weakness at Wells Fargo
Wells Fargo analyst Edward Kelly lowered his price target for Performance Food Group (PFGC) to $44 from $46 after the company reported disappointing Q4 results on a "surprising" spike in labor investment. However, Overall, the analyst views the selloff as overdone and a compelling buying opportunity as the company's issues look temporary and very different from the execution problems at US Foods (USFD), and given visible path for better results and favorable industry backdrop. Kelly reiterates an Outperform rating on Performance Food Group shares.
10/22/18
BUCK
10/22/18
INITIATION
Target $39
BUCK
Buy
Performance Food Group initiated with a Buy at Buckingham
Buckingham initiated Performance Food Group with a Buy and $39 price target.

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