Sysco price target raised to $89 from $87 at Guggenheim

Guggenheim raised the firm’s price target on Sysco (SYY) to $89 from $87 and keeps a Buy rating on the shares. U.S. local case growth inflected in August, building on similar gross margin momentum in the prior quarter, says the analyst, who argues that “conservative” 2026 guidance “may lay the foundation for outperformance.”