What To Know About Morgan Stanley's Downgrade of Performance Food Gr
Portfolio Pulse from Benzinga Insights
Morgan Stanley downgraded Performance Food Gr (NYSE:PFGC) to Equal-Weight with a price target of $66.00, a decrease from the previous target of $74.00. Shares of PFGC are trading down 2.08% at $55.14 per share.
June 20, 2023 | 5:00 pm
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Morgan Stanley downgraded PFGC to Equal-Weight with a lower price target of $66.00. Shares are trading down 2.08% at $55.14.
Morgan Stanley's downgrade of Performance Food Gr to Equal-Weight and the lowering of its price target from $74.00 to $66.00 indicates a less optimistic outlook for the stock. This news is likely to have a negative short-term impact on PFGC's stock price, as evidenced by the 2.08% decline in the last 24 hours.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100