BMO Capital Upgrades US Foods (USFD) to Outperform

BMO Capital upgraded US Foods (NYSE: USFD) from Market Perform to Outperform with a price target of $40.00 (from $37.00).

Analyst Kelly Bania comments "We see no reason to stay on the sidelines following the company's bullish analyst day, which reinforced our positive view on the independent restaurant segment and USFD's ability to gain market share given the company's differentiating factors. USFD also provided new share repurchase and ROIC expansion targets."

For an analyst ratings summary and ratings history on US Foods click here. For more ratings news on US Foods click here.

Shares of US Foods closed at $34.29 Friday.

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