Sysco price target raised to $90 from $80 at Stephens

Stephens raised the firm’s price target on Sysco to $90 from $80 and keeps an Overweight rating on the shares. The company reported Q2 results that reflected a better-than-expected top line supported by U.S. Food Service, though it was partially offset by softer-than-expected International results, the analyst tells investors in a research note. While restaurant industry trends seem to have moderately slowed in January after case volume growth improved each month in Q2, the firm continues to believe that Sysco remains well positioned to leverage its size, scale, and operational initiatives to gain share going forward, Stephens added.