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Brokers raise price target on US Foods Holding (NASDAQ: USFD) as company upgrades FY23 earnings forecast

Mon 14 Aug 23, 07:23 AM | Akanksha Vashisht

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Summary

U.S Foods Holding received an increased price target from brokers as it released its financial results for Q2 2023. The company saw a 2.1% increase in net sales during the quarter and saw a 15% increase in its gross profit for the quarter.

The company released its Q2 results on August 10, 2023. On the same day, brokers reviewed their ratings on USFD, while upgrading their price target on the stock. USFD has a mean consensus price target of US$50.18, which is 21.97% higher than the stock’s closing price on Friday.

Meanwhile, USFD has a mean recommendation rating of 1.9 on a scale of one to five. Here, one represents a ‘strong buy’ rating and five represents a ‘strong sell' rating.

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