Barclays raised the firm’s price target on Sysco to $90 from $85 and keeps an Overweight rating on the shares. The company’s fiscal Q2 was better than expected on U.S. case growth, with local growth returning positive and momentum accelerating through the quarter, the analyst tells investors in a research note.
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Read More on SYY:
- Sysco (NYSE:SYY) Soars on Q2 Performance
- Sysco Reports Second Quarter EPS Growth, Driven By Increasing Volumes and Positive Operating Leverage
- Sysco price target raised to $82 from $75 at JPMorgan
- Sysco price target raised to $84 from $76 at Morgan Stanley
- Sysco to Release Second Quarter Fiscal Year 2024 Financial Results on January 30
