02:20 PM EDT, 05/07/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We trim our 12-month target to $98 from $105, based on an EV/EBITDA multiple of 11x our FY 26 (Jun.) adj-EBITDA estimate of $1,940M (+10% Y/Y; down from $1,947M), reflecting a modest discount to PFGC's long-term average of about 11.5x. We lower our FY 25 EPS to $4.43 from $4.56 and FY 26's to $4.97 from $5.10. FQ3 (Mar-Q) results were soft, primarily due to February weather-related disruptions, prompting PFGC to slightly lower its FY 25 outlook. That said, early FQ4 (Jun-Q) trends are encouraging, with organic case growth in April and early May. We continue to favor PFGC over food distribution peers given its diversified customer base and channel mix - including exposure to restaurants, movie theaters, convenience stores, and offices. Execution also appears strong, with recent new wins even among chain restaurant accounts. PFGC is prioritizing debt reduction (leverage ratio is elevated at 4.0x), but also opportunistically repurchasing shares ($10.6M shares repurchased in FQ3; $166M authorization left).