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))