Research Alert: CFRA Reiterates Buy Opinion On Shares Of Performance Food Group Company
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CFRA has reiterated its Buy opinion on Performance Food Group Company (PFGC) shares, raising the 12-month target price by $16 to $119. The FY 26 EPS estimate is increased to $4.59, while FY 27's is lowered to $4.84. Following strong Q3 results, CFRA believes PFGC is undervalued, with potential adj-EBITDA growth of 7% in FY 27. The company is navigating a challenging restaurant traffic environment effectively, with a 6.5% growth in independent restaurant organic case volume, supporting a positive revenue outlook.
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