UBS analyst Mark Carden raised the firm’s price target on Sysco to $92 from $83 and keeps a Buy rating on the shares. Sysco showed that its strategy is gaining traction alongside its Q2 results, with profitability initiatives helping it generate its fifth straight quarter of double-digit adjusted EBITDA growth, 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 sees 2024 adjusted EPS $4.20-$4.40, consensus $4.32
- Sysco expects to return $2.25B back to shareholders in 2024
- Sysco reports Q2 adjusted EPS 89c, consensus 87c
