Sysco price target lowered to $77 from $87 at Barclays

Barclays analyst Jeffrey Bernstein lowered the firm’s price target on Sysco (SYY) to $77 from $87 and keeps an Overweight rating on the shares. The company’s fiscal Q3 U.S. local case growth disappointed, similar to the first half of the year, leading to an earnings shortfall, the analyst tells investors in a research note.