Barclays Maintains Overweight on Performance Food Gr, Lowers Price Target to $84
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jeffrey Bernstein maintains an Overweight rating on Performance Food Group (PFGC) but lowers the price target from $86 to $84.

May 09, 2024 | 3:30 pm
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NEUTRAL IMPACT
Barclays maintains an Overweight rating on Performance Food Group but lowers the price target from $86 to $84.
While the reduction in price target could suggest a slightly less optimistic view on the stock's future performance, the maintenance of an Overweight rating indicates that Barclays still sees PFGC as a favorable investment. The impact on the stock price could be neutral in the short term as the positive sentiment from the Overweight rating may balance out the negative sentiment from the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100