Morgan Stanley Downgrades Performance Food Gr to Equal-Weight, Lowers Price Target to $66
Portfolio Pulse from richadhand@benzinga.com
Morgan Stanley analyst John Glass downgraded Performance Food Gr (NYSE:PFGC) from Overweight to Equal-Weight and lowered the price target from $74 to $66.
June 20, 2023 | 10:26 am
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Morgan Stanley downgraded Performance Food Gr (PFGC) to Equal-Weight and reduced the price target from $74 to $66.
The downgrade from Overweight to Equal-Weight by Morgan Stanley indicates a less optimistic outlook for PFGC. The lowered price target from $74 to $66 suggests that the analyst believes the stock has limited upside potential in the short term. This news is likely to have a negative impact on PFGC's stock price.
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IMPORTANCE 80
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