Citi ups Sysco target, adds ‘upside 30-day catalyst watch’

Citi analyst Karen Holthouse raised the firm’s price target on Sysco (SYY) to $80 from $78 and keeps a Neutral rating on the shares following the fiscal Q3 report. Citi also added an “upside 30-day catalyst watch” on Sysco. The shares could move higher into the May event focused on the Jetro acquisition, the analyst tells investors in a research note.