Sysco price target lowered to $82 from $85 at Guggenheim

Guggenheim analyst John Heinbockel lowered the firm’s price target on Sysco (SYY) to $82 from $85 and keeps a Buy rating on the shares. The company’s Q3 “miss and guide-down,” while expected, “meaningfully exceeded” buy- and sell-side expectations, the analyst tells investors. Following the report, the firm lowered its 2025 and 2026 EPS estimates 5% to $4.39 and $4.68, respectively, the analyst noted.