Wells Fargo Raises PFGC Price Target to $115.00: What Analysts Are Saying

Wells Fargo analyst Edward Kelly has raised the price target for Performance Food Group (PFGC) from $100.00 to $115.00, a 15% increase, maintaining an "Overweight" rating. This aligns with recent analyst actions, with 13 analysts estimating an average target price of $109.38, an 8% upside from the current price. The company has a "Outperform" rating from 17 brokerage firms and a GF Value of $74.20, suggesting a 26% downside from the current price.

Wells Fargo analyst Edward Kelly has raised the price target for Performance Food Group (PFGC) from $100.00 to $115.00, a 15% increase, while maintaining an "Overweight" rating. This move aligns with recent analyst actions, with 13 analysts estimating an average target price of $109.38, an 8% upside from the current price. The company has a "Outperform" rating from 17 brokerage firms and a GF Value of $74.20, suggesting a 26% downside from the current price [1].

The price target increase follows Performance Food Group’s strong fourth-quarter results, which exceeded earnings expectations according to Wells Fargo’s analysis. The company reported an adjusted earnings per share (EPS) of $1.55, surpassing the forecasted $1.45, and achieved actual revenue of $16.9 billion, slightly above the anticipated $16.78 billion [2].

Wells Fargo noted that Performance Food Group continues to gain market share and is executing effectively against its multi-year strategic plan. The research firm acknowledged that the probability of a potential deal with US Foods (NYSE:USFD) has decreased following recent comments from Performance Food Group’s management during Thursday’s earnings call. Performance Food Group’s board determined there was no basis to engage in information sharing with US Foods, citing concerns about the risk-reward profile of such a transaction [3].

Performance Food Group expects its net sales to keep climbing in fiscal 2026, with projections of $67 billion to $68 billion, up from $63.3 billion in FY25. The company has also guided for full-year adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $1.9 billion to $2 billion, which is ahead of Wall Street forecasts [4].

References:
[1] https://www.investing.com/news/analyst-ratings/performance-food-group-stock-price-target-raised-to-115-by-wells-fargo-93CH-4191538
[2] https://ca.investing.com/news/analyst-ratings/performance-food-group-stock-price-target-raised-to-118-by-truist-93CH-4160058
[3] https://www.ainvest.com/news/performance-food-group-reports-q4-fy25-earnings-sales-11-4-net-income-21-2-2508/
[4] https://stockanalysis.com/stocks/pfgc/