UBS Cuts Performance Food Group Target to $108; Q2 Sales Rise 5.2%
UBS cut its price target on Performance Food Group to $108 from $120 while maintaining a Buy rating, citing an intact growth outlook despite recent profitability headwinds. In Q2 2026, net sales rose 5.2% to $16.4 billion, net income reached $61.7 million (up $19.3 million) and Q3 sales are projected at $16.0 billion–$16.3 billion.
1. UBS Cuts Price Target
On February 5, UBS reduced its price target for Performance Food Group to $108 from $120 while retaining a Buy rating. The analyst noted that although recent profitability was pressured by higher operating costs and interest expenses, the company’s growth outlook remains solid.
2. Q2 2026 Results and Q3 Outlook
In Q2 2026, Performance Food Group reported a 5.2% year-over-year increase in net sales to $16.4 billion and net income of $61.7 million, up $19.3 million. Total case volume rose 3.4% and organic independent cases grew 5.3%, and the company forecasts third-quarter net sales between $16.0 billion and $16.3 billion.