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USFD

US Foods

$39.29

-1.28 (-3.16%)

13:19
10/15/19
10/15
13:19
10/15/19
13:19

US Foods chief supply chain officer exit to be overhang, says Wells Fargo

Wells Fargo analyst Edward Kelly expects the "abrupt" departure of US Foods chief supply chain officer Tim Connolly to be an overhang on the shares. The news is a surprise, "to say the least," as Connolly was with the company for only six months, Kelly tells investors in a research note. After the speaking with US Foods, the analyst is "disappointed" by the lack of incremental color beyond the press release. However, Kelly does not believe Connolly was terminated for cause and adds that there were no known operational issues as of the time of his firm's conference on September 26. He has an Outperform rating on US Foods with a $54 price target.

  • 05

    Nov

  • 12

    Nov

USFD US Foods
$39.29

-1.28 (-3.16%)

06/28/19
UBSW
06/28/19
NO CHANGE
Target $32
UBSW
Buy
Conagra shares pricing in execution and earnings risk, says UBS
UBS analyst Steven Strycula lowered his price target for Conagra Brands (CAG) to $32 from $35 following the company's "disappointing" Q4 results. Given the magnitude of the Q4 sales miss, investors do not find the company's fiscal 2020 guidance as conservative, Strycula tells investors in a post-earnings research note. However, with the stock now at a 20% price-to-earnings discount to US Foods (USFD), Conagra shares have priced in execution risk and potential downside to earnings guidance, contends the analyst. As such, Strycula keeps a Buy rating on Conagra Brands.
08/16/19
WELS
08/16/19
NO CHANGE
Target $54
WELS
Outperform
US Foods shares have 'credible path' to $60 within two years, says Wells Fargo
While momentum in US Foods shares has returned, the name still provides "compelling upside" and the stock has a "credible path" to nearly $60 within the next two years, Wells Fargo analyst Edward Kelly tells investors in a research note. The company's fundamental performance "clearly looks to be back on track," yet it does not seem to be getting full credit, contends the analyst. He raised his 12-month price target for US Foods to $54 from $45 and keeps an Outperform rating on the shares.
09/12/19
FBCO
09/12/19
NO CHANGE
Target $47
FBCO
Outperform
US Foods price target raised to $47 from $42 at Credit Suisse
Credit Suisse analyst Judah Frommer raised his price target for US Foods to $47 from $42 after the company announced its receipt of conditional approval from the FTC to close its July 2018 proposed acquisition of SGA Food Group for $1.8B. Closure of the deal represents removal of the key overhang on the stock and should precipitate a further narrowing of the valuation gap to public peers if operational execution persists, he contends. The analyst reiterates an Outperform rating on the shares.
10/04/19
WELS
10/04/19
NO CHANGE
Target $53
WELS
Outperform
Wells Fargo 'not overly concerned' about Amazon threat to Performance Food Group
Wells Fargo analyst Edward Kelly said he believes food service stocks, including Performance Food Group (PFGC) in particular, are weak due to a competing analyst's note highlighting that Amazon (AMZN) had a presence at a convenience store conference, sparking concern that the e-commerce giant may be looking to enter c-store distribution. Investors may also be concerned that this news "logically reintroduces the question" of whether Amazon is interested in traditional food service distribution to restaurants, Kelly added. However, he is "not overly concerned," stating that while safe to assume Amazon is looking into these businesses, and many others, that does not guarantee a meaningful presence or success. Also, C-store distribution requires tobacco to execute broadly and it is not clear if Amazon has interest in this product, Kelly contends. The analyst, who believes c-store exposure for Sysco (SYY) and US Foods (USFD) is "tiny," added that traditional food service is a tough business for a new entrant. While Amazon's "true ambition in any industry is difficult to assess and it makes sense to remain on alert," he would be a buyer of all three food distributor stocks mentioned amid the weakness, Kelly tells investors.

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$150.35

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  • 20

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RADA

RADA Electronic

$5.14

-0.135 (-2.56%)

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  • 19

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$36.44

-0.22 (-0.60%)

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  • 19

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$21.37

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$57.06

-0.24 (-0.42%)

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$57.06

-0.24 (-0.42%)

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Roche

$0.00

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  • 07

    Dec

RADA

RADA Electronic

$5.14

-0.135 (-2.56%)

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Earnings
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  • 19

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NDAQ

Nasdaq

$104.61

1.05 (1.01%)

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  • 19

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ALGT

Allegiant Travel

$170.03

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SNCR

Synchronoss

$4.54

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ALSN

Allison Transmission

$45.88

-0.55 (-1.18%)

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TLND

Talend

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IMAX

Imax

$20.88

-0.19 (-0.90%)

, AMC

AMC Entertainment

$8.49

-0.26 (-2.97%)

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$20.88

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$34.13

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  • 20

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PHAT

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$24.88

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  • 07

    Dec

MAS

Masco

$45.70

0.07 (0.15%)

08:13
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  • 19

    Nov

EVRI

Everi Holdings

$12.40

0.04 (0.32%)

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