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Stock impact report

Performance Food Group Company (PFGC) Is Attractive From A Valuation Perspective, Says Piper Sandler [Yahoo! Finance]

Piper Sandler Companies (PIPR) 
Last piper sandler companies earnings: 5/1 08:04 am Check Earnings Report
Company Research Source: Yahoo! Finance
analyst at Piper Sandler, reduced the price target on Performance Food Group Company (NYSE:PFGC) to $111 from $116, while keeping an ‘Overweight' rating. According to TheFly, the firm believes that the restaurant group has pulled back recently, mainly due to the “fears over the underlying demand trends across the Restaurant industry,” which is the largest client of the Food Distribution industry. As a result, Piper Sandler notes that the company has become “particularly attractive from a valuation perspective” after a decline over the last few months. With confidence, the current price reflects “a great entry point” if the company is able to achieve its long-term targets, the firm notes. What's even more interesting is that Piper Sandler calls Performance Food Group Company (NYSE:PFGC) a “top pick” within its food distribution market. Earlier on December 5, Barclays analyst Jeff Bernstein maintained a ‘Buy' rating on Performance Food Group Company (NYSE:PFGC), along with a price t Show less Read more
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