TD Cowen analyst Andrew Charles initiates coverage on Performance Food Group (NYSE: PFGC) with a Buy rating and a price target of $128.00.

The analyst comments "We model $7+ in 2028E EPS, with 2 years of 20%+ EPS growth fueled by sales leverage from our above-consensus Foodservice rev est, along with procurement savings, M&A synergies & other efficiencies under the PFG One playbook. Further, PFG has flexibility for tuck-in M&A or share buybacks given leverage is at the midpoint of the target range, with visibility to the low end of the range by F2028-end."

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 $113.09 yesterday.