Sysco price target lowered to $85 from $90 at BMO Capital

BMO Capital lowered the firm’s price target on Sysco (SYY) to $85 from $90 and keeps an Outperform rating on the shares after its in-line Q2 results and guidance. The stock was pressured as investors were left questioning the quality of FY25 EPS guide and when will the company demonstrate tangible benefits from salesforce headcount investments and compensation changes, though the firm remains patient on the longer-term opportunities, especially as Sysco trades at its cheapest valuation since 2013, the analyst tells investors in a research note.