Sysco price target raised to $100 from $92 at Wells Fargo

Wells Fargo raised the firm’s price target on Sysco (SYY) to $100 from $92 and keeps an Overweight rating on the shares. The firm notes the company provided a constructive update at CAGNY, and its post event catch-up with Sysco reinforced its positive view on the stock. Wells says it remains the firm’s top food service idea into the calendar Q2 earnings cycle.