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US Foods Not Immune To Recession But Has Potential To Outperform: Analyst

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Piper Sandler analyst Brian Mullan upgraded US Foods Holding Corp (NYSE:USFD) to Overweight from a Neutral rating and raised the price target to $59 (from $45).

The analyst is bullish on the stock as they see a relatively clear path to hit the “high $50’s / low $60’s” levels over the next ~12 months, following its fourth-quarter result announcement last week.

US Foods reported revenue of $8.936 billion, beating the street view …

Full story available on Benzinga.com

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