On Nov 09, major Wall Street analysts update their ratings for $US Foods Holding (USFD.US)$, with price targets ranging from $69 to $79.
Morgan Stanley analyst Brian Harbour maintains with a buy rating, and maintains the target price at $76.
J.P. Morgan analyst John Ivankoe maintains with a hold rating, and adjusts the target price from $68 to $69.
Barclays analyst Jeff Bernstein maintains with a buy rating, and adjusts the target price from $71 to $78.
UBS analyst Mark Carden maintains with a buy rating, and adjusts the target price from $67 to $77.
Deutsche Bank analyst Lauren Silberman maintains with a buy rating, and adjusts the target price from $75 to $78.
Furthermore, according to the comprehensive report, the opinions of $US Foods Holding (USFD.US)$'s main analysts recently are as follows:
The firm acknowledges US Foods' strong performance despite challenging conditions, noting its resilience especially in light of the company's significant exposure to the hurricane-affected Southeast region in Q3.
The company has reported a robust quarter with double-digit EBITDA growth and a 20% increase in EPS, notwithstanding some modest headwinds, and this stands out even when compared to the mixed results of its peers. Observations indicate that with Q4 trends picking up pace and the company's initiatives being executed exceptionally well, it is anticipated that investor confidence in the multi-year growth strategy will continue to strengthen.
US Foods experienced a disruption in case volumes towards the end of Q3 and the beginning of Q4 due to hurricanes in the southeast. Nevertheless, there has been a noticeable recovery in recent weeks. Despite the disruptions, the company's earnings surpassed expectations, which was seen as a positive indicator by analysts.
Here are the latest investment ratings and price targets for $US Foods Holding (USFD.US)$ from 9 analysts:
Note:
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