Stocks
US Foods Stock Price Target Cut by JPMorgan Chase & Co.
US Foods (NYSE: USFD) stock price target was reduced by JPMorgan Chase & Co. from $108 to $98, according to a research report issued on Tuesday. The firm maintained its 'neutral' rating on the stock.
The lowered price objective suggests a potential upside of 4.88% from the current price. This is based on US Foods' current share price of $93.44.
Despite the reduction in the price target, several analysts remain bullish on the company's prospects. BMO Capital Markets reissued an 'outperform' rating and issued a price objective of $120 on shares of US Foods in a report on Friday, August 7th.