Analyst Sara Senatore from Bank of America Securities maintained a Buy rating on Sysco and keeping the price target at $93.00.
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Sara Senatore has given her Buy rating due to a combination of factors including the solid demand environment for Sysco, which reflects a normalization following the pandemic-induced growth surge. The company is experiencing encouraging share gains, with its sales volume growth outpacing the industry, and it is expected to continue this momentum.
Additionally, Sysco’s non-commercial and international segments are performing well, with long-term contracts providing stability and the potential for margin improvements following strategic divestitures. Looking ahead, despite some short-term challenges, Sysco is expected to return to its long-term growth algorithm, making it a compelling investment opportunity.
In another report released on August 7, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $91.00 price target.
Based on the recent corporate insider activity of 89 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SYY in relation to earlier this year.