Truist Boosts Performance Food Group Price Target to $118 from $101 with a Buy Rating.

Truist raised its price target for Performance Food Group to $118 from $101 and kept a Buy rating on the shares. The firm cited the company's Q4 earnings beat and "solid" FY26 guidance, noting that Performance Food is accelerating market share gains in a choppy macro environment due to its decentralized structure. The analyst believes the company is well-positioned to continue growing despite the challenging market conditions.

Truist Financial has updated its price target for Performance Food Group (PFGC) to $118 from $101, maintaining a "Buy" rating on the shares. The firm's decision was driven by PFGC's strong Q4 earnings performance and solid full-year 2026 guidance. Truist noted that PFGC's decentralized structure allows it to accelerate market share gains in a challenging macroeconomic environment [1].

PFGC reported adjusted earnings per share (EPS) of $1.55 for the fourth quarter of fiscal year 2025, surpassing the forecasted $1.45. The company's revenue grew by 11.5% year-over-year, reaching $16.9 billion, slightly above expectations. This performance reflects the company's strategic focus on expanding its salesforce and strengthening its market position [2].

Truist highlighted that PFGC's decentralized structure enables it to respond more effectively to local market conditions, which is particularly beneficial in a choppy macroeconomic environment. The analyst believes that PFGC's ability to maintain strong growth and market share gains positions it well for continued success despite the current challenging conditions.

In addition to the Q4 earnings beat, Truist's price target increase was influenced by PFGC's guidance for the first quarter of fiscal 2026. The company expects net sales between $16.6 billion and $16.9 billion, with adjusted EBITDA ranging from $465 million to $485 million. These projections indicate a solid outlook for the upcoming period, further supporting Truist's optimistic view on PFGC's shares.

References:
[1] https://finance.yahoo.com/news/5-must-read-analyst-questions-042622410.html
[2] https://www.aol.com/performance-food-group-gains-brand-155946639.html