Sysco price target raised to $87 from $82 at Wells Fargo

Wells Fargo analyst Edward Kelly raised the firm’s price target on Sysco (SYY) to $87 from $82 and keeps an Overweight rating on the shares. The firm sees an attractive entry point in Sysco. Internal challenges have exacerbated a weak backdrop, but local sales issues seem to be bottoming and Wells’ work points to a FY26 inflection.