Analysts Serve Up Coverage On US Foods

Monday saw the end of the IPO quiet period for US Foods Holding Corp USFD, and analysts initiating coverage tended to be bullish. Here’s an overview of the analyst coverage so far:

• Citigroup initiates at Buy, $30.00 Price Target
• Deutsche Bank initiates at Buy, $28.00 PT
• Goldman Sachs initiates at Neutral, $28.00 PT
• BMO Capital initiates at Market Perform
• JP Morgan initiates at Overweight
• Wells Fargo initiates at Outperform
• Bank of America initiates at Buy, $29.00 PT
• Credit Suisse initiates at Outperform, $29.00 PT

The analysts had an average price target for US Foods of $28.80, a 20 percent upside from $23.96 where US Foods shares closed Friday.