Investing.com - US Foods Holding Corp 's (NYSE:USFD) shares moved higher on Wednesday after Barclays (LON:BARC) upgraded the company to Overweight from Equal-weight, noting the lower valuation of the company versus its peers. The bank put a price target on the company of $32.
US Food’s latest earnings were released in early August, and the company beat on revenue while EPS were in-line.
US Food’s shares were up 3% at $28.56 Wednesday afternoon.