Breaking Down Performance Food Gr: 4 Analysts Share Their Views
Portfolio Pulse from Benzinga Insights
Performance Food Gr (NYSE:PFGC) has been analyzed by 4 analysts over the past three months, showing a shift from somewhat bullish to indifferent. The average 12-month price target is now $82.75, up from $77.25, indicating a 7.12% increase. Analysts from Morgan Stanley, Barclays, BMO Capital, and Stephens & Co. have raised their price targets, reflecting optimism about the company's market position and financial performance. Despite this, PFGC faces challenges in net margin, ROE, and ROA, which are below industry averages.
April 12, 2024 | 7:01 pm
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POSITIVE IMPACT
Performance Food Gr's stock may see short-term positive movement due to raised price targets by analysts, indicating a bullish outlook despite operational challenges.
The increase in the average price target to $82.75, up from $77.25, reflects analysts' optimism about Performance Food Gr's future performance. This positive sentiment, despite the company's below-average net margin, ROE, and ROA, suggests that analysts see potential for growth and improvement. The recent upgrades by analysts from reputable firms further support the potential for short-term positive movement in PFGC's stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100