BMO Capital Starts Performance Food Group (PFGC) at Outperform

October 13, 2016 6:29 AM EDT
Get Alerts PFGC Hot Sheet
Price: $22.70 -2.16%

Rating Summary:
    6 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 23 | Down: 34 | New: 34
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BMO Capital initiates coverage on Performance Food Group (NYSE: PFGC) with a Outperform rating and a price target of $28.00, suggesting upside of 12%

Analyst Kelly Bania commented, "We are initiating coverage of PFGC with an Outperform rating and a $28 price target. PFGC is our top pick among U.S. Food Service Distributors. We believe PFGC’s track record of consistently strong growth with the independent restaurant segment (+6-10% over the past 28 quarters) suggests the company’s strategy resonates well with its high-quality customer base and provides the company with more stable EBITDA growth compared to peers."

For an analyst ratings summary and ratings history on Performance Food Group click here. For more ratings news on Performance Food Group click here.

Shares of Performance Food Group closed at $25.10 yesterday.

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