Sysco price target raised to $88 from $80 at Wells Fargo

Wells Fargo raised the firm’s price target on Sysco (SYY) to $88 from $80 and keeps an Overweight rating on the shares. Despite what it calls “a mixed Q4 update,” the firm sees evidence Sysco is “turning the corner on execution issues” and adds that the industry has improved. The firm, which would be buyers of the shares following earnings, adds that it remains bullish the sector and the stock.