Piper Sandler lowered the firm’s price target on Sysco (SYY) to $80 from $81 and keeps a Neutral rating on the shares. The firm thinks the restaurant group has pulled back of late predominantly as a function of fears over the underlying demand trends across the Restaurant industry, which is the Food Distribution industry’s biggest customer type.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SYY:
- Sysco Announces Executive Transition for Greg D. Bertrand
- Sysco COO Greg Bertrand to move to non-executive role on January 1, 2026
- Sysco Stockholders Re-elect Directors, Reject Role Separation
- 3 Best Dividend Aristocrat Stocks to Buy Now, 11/07/2025
- Sysco price target lowered to $82 from $86 at Citi