Sysco price target lowered to $74 from $78 at Piper Sandler

Piper Sandler analyst Brian Mullan lowered the firm’s price target on Sysco (SYY) to $74 from $78 and keeps a Neutral rating on the shares following quarterly results and updated 2025 guidance. Relative to consensus, the quarter was a “miss” from both a top-line and bottom-line perspective, the firm notes, adding that in conjunction with the release, Sysco lowered certain elements of its full year guidance. That said, Piper thinks investor expectations were relatively muted here.