In a report released yesterday, Mark Carden from UBS maintained a Buy rating on Sysco (SYY – Research Report), with a price target of $87.00. The company’s shares closed yesterday at $73.05.
Carden covers the Consumer Defensive sector, focusing on stocks such as Sysco, Performance Food Group, and US Foods Holding. According to TipRanks, Carden has an average return of 9.3% and a 68.29% success rate on recommended stocks.
In addition to UBS, Sysco also received a Buy from Bank of America Securities’s Kendall Toscano in a report issued yesterday. However, on the same day, Piper Sandler maintained a Hold rating on Sysco (NYSE: SYY).
SYY market cap is currently $37B and has a P/E ratio of 18.13.
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Sysco (SYY) Company Description:
Texas-based Sysco Corp. markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industries. It operates through the following segments: US Foodservice Operations, International Foodservice Operations, SYGMA and Other.
Read More on SYY:
- Sysco: January restaurant traffic down high single digits vs. prior year
- Sysco sees over $17B of cash returned to investors through FY24
- Sysco Corp Announces Leadership Reorganization and New Chair
- Sysco appoints CEO Kevin Hourican as chair of the board
- Sysco sees 2024 adjusted EPS $4.20-$4.40, consensus $4.32
