BMO Capital analyst Kelly Bania lowered the firm’s price target on Sysco (SYY) to $77 from $82 and keeps an Outperform rating on the shares. The magnitude of the company’s Q3 EPS shortfall and guidance reduction was deeper than expected, though the management pointed to green shoots in terms of local market share trends in April, the analyst tells investors in a research note.
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Read More on SYY:
- Sysco price target lowered to $82 from $85 at Guggenheim
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