US Foods (USFD) PT Raised to $67 at UBS

UBS analyst Mark Carden raised the price target on US Foods (NYSE: USFD) to $67.00 (from $64.00) while maintaining a Buy rating.

The analyst comments "We think USFD's 1Q results help to underscore the durability of its turnaround efforts, even when faced with multiple headwinds. It took market share in the independent restaurant category for the 12th straight period and like PFGC, it saw an acceleration in its pace of gains relative to 4Q'23. This came despite a three week strike that occurred during a particularly challenging month for the industry in January (due to weather)."

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