Performance Food Group Company (PFGC) Is Attractive From A Valuation Perspective, Says Piper Sandler

Core Viewpoint - Performance Food Group Company (NYSE:PFGC) is considered a strong investment opportunity within the consumer defensive sector, despite recent concerns regarding demand trends in the restaurant industry, which is its largest client base [1][2]. Group 1: Analyst Ratings and Price Targets - Piper Sandler has reduced the price target for Performance Food Group Company to $111 from $116 while maintaining an 'Overweight' rating, citing recent pullbacks due to demand fears in the restaurant sector [1]. - Barclays analyst Jeff Bernstein has maintained a 'Buy' rating with a price target of $120, indicating a median price target that suggests an upside potential of 28.82% for the stock [3]. Group 2: Valuation and Investment Appeal - Piper Sandler notes that the company has become particularly attractive from a valuation perspective following a decline over the past few months, suggesting that the current price represents a great entry point if long-term targets are met [2]. - The firm has identified Performance Food Group Company as a "top pick" within the food distribution market, reinforcing its investment appeal [2]. Group 3: Company Overview - Performance Food Group Company is based in Virginia and specializes in the marketing and distribution of food and food-related products, operating through three segments: Foodservice, Convenience, and Specialty [4].