Morgan Stanley Sticks to Their Hold Rating for Sysco (SYY)

Morgan Stanley analyst John Glass maintained a Hold rating on Sysco (SYYResearch Report) today and set a price target of $87.00. The company’s shares opened today at $80.04.

According to TipRanks, Glass is a 4-star analyst with an average return of 4.4% and a 59.26% success rate. Glass covers the Services sector, focusing on stocks such as Restaurant Brands International, Brinker International, and Jack In The Box.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sysco with a $89.36 average price target.

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Based on Sysco’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $19.13 billion and a net profit of $465.57 million. In comparison, last year the company earned a revenue of $16.46 billion and had a net profit of $378.01 million

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Texas-based Sysco Corp. markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industries. It operates through the following segments: US Foodservice Operations, International Foodservice Operations, SYGMA and Other.

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