BMO Capital analyst Kelly Bania lowered the firm’s price target on Sysco (SYY) to $77 from $82 and keeps an Outperform rating on the shares. The magnitude of the company’s Q3 EPS shortfall and guidance reduction was deeper than expected, though the management pointed to green shoots in terms of local market share trends in April, the analyst tells investors in a research note.
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Read More on SYY:
- Sysco price target lowered to $82 from $85 at Guggenheim
- Sysco price target lowered to $80 from $87 at Wells Fargo
- Sysco price target lowered to $74 from $78 at Piper Sandler
- Sysco’s Potential for Turnaround: Buy Rating Amid Operational Challenges and Market Resilience
- Sysco price target lowered to $77 from $87 at Barclays
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