Barclays Maintains Overweight on US Foods Hldg, Raises Price Target to $64
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jeffrey Bernstein maintains an Overweight rating on US Foods Holding (USFD) and raises the price target from $60 to $64.
May 10, 2024 | 7:45 pm
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POSITIVE IMPACT
Barclays has maintained its Overweight rating on US Foods Holding and increased the price target from $60 to $64, indicating a positive outlook on the stock.
The upgrade in the price target by a reputable analyst like Jeffrey Bernstein suggests a strong confidence in the company's future performance. This is likely to be viewed positively by the market, potentially leading to a short-term increase in the stock price as investors adjust their valuations based on the new target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100