Analyst: US Foods Could Have a 30% Upside
Major foodservice distributor US Foods Holding (NYSE: USFD) made a presentation yesterday at the 2021 ICR Conference, an annual business symposium run by ICR Capital LLC, in which US Foods presented its evidence for an upcoming food sector recovery. Some of the factors it cited apply only to the company, while others paint a favorable picture for the foodservice supply and food sector in general.
US Foods says pent-up demand for eating out is rising among American diners, who are likely to flock to reopened restaurants once the COVID-19 pandemic is brought under control by vaccines. The fact that well-managed restaurants have minimized their coronavirus losses even as states impose new restrictions provides a hint the company may be right.
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Source Fool.com
