BofA analyst Kendall Toscano reinstated coverage of Sysco with a Buy rating and $90 price target. The company is poised for market share gains, margin recovery and earnings growth, the analyst tells investors in a research note. The firm says credit and debit card data show strong consumer spending at restaurants, which bolsters the upside view for Sysco. It thinks the stock should trade at a premium to peers.
Published first on TheFly
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