Sysco price target lowered to $88 from $90 at Barclays

Barclays analyst Jeffrey Bernstein lowered the firm’s price target on Sysco to $88 from $90 and keeps an Overweight rating on the shares. The company’s fiscal Q3 sales were below expectations, though mitigated by incremental cost saves, leading to in-line adjusted earnings, the analyst tells investors in a research note.