UBS Upgrades US Foods Hldg to Buy, Announces $64 Price Target
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Mark Carden upgraded US Foods Hldg (NYSE:USFD) from Neutral to Buy and set a price target of $64.

February 20, 2024 | 3:58 pm
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POSITIVE IMPACT
UBS upgraded US Foods Hldg to Buy from Neutral and set a price target of $64.
Analyst upgrades typically lead to positive short-term price movement, especially when accompanied by a significant price target increase. The upgrade from Neutral to Buy suggests a strong confidence in the company's future performance, potentially leading to increased investor interest and a rise in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100