BUZZ-Chefs' Warehouse up after Jefferies raises PT on demand opportunity

** Chefs' Warehouse's CHEF.O shares up ~3% at $53.14 in midday trading

** Brokerage Jefferies raises PT on stock to $60 from $58, rating unchanged at "buy"

** Says co is an interesting and overlooked consumer growth opportunity in the food away from home segment and has a good exposure to higher-income consumers

** CHEF supplies groceries and meat to high-end restaurants

** Brokerage notes co's 2025 outlook as conservative, which could leave room for an increase in stock value if macro environment stays in check and co beats revenue estimates

** We think CHEF is well-positioned to benefit from what we believe will be stickier-than-expected demand for dining out & other affordable experiential occasions for higher-income consumers in quarters ahead — Jefferies

** All eight brokerages rate the stock "buy" or higher; their median PT is $56

** CHEF stock rose 67% in 2024

(Reporting by Aamir Sohail in Bengaluru)

((Aamir.Sohail@thomsonreuters.com))