US Foods initiated with a Buy at TD Cowen
TD Cowen initiated coverage of US Foods with a Buy rating and $116 price target. The firm, which expects the company to achieve its medium-term guidance framework of 5% revenue growth, 10% adjusted EBITDA growth, and 20% EPS growth, likes US Foods' diversified exposure to the faster growing and higher margin food distribution customer channels, the analyst tells investors.
TD Cowen initiated coverage of US Foods with a Buy rating and $116 price target.
The firm, which expects the company to achieve its medium-term guidance framework of 5% revenue growth, 10% adjusted EBITDA growth, and 20% EPS growth, likes US Foods' diversified exposure to the faster growing and higher margin food distribution customer channels, the analyst tells investors.