Sysco price target raised to $91 from $89 at Guggenheim

Guggenheim raised the firm’s price target on Sysco (SYY) to $91 from $89 and keeps a Buy rating on the shares. Yesterday’s 11% rally, the strongest since 2020, largely reflected management’s bullish commentary on successful self-help efforts and has “likely front-loaded the potential, inflection-oriented recovery,” the analyst tells investors. However, the firm assumes a similar valuation on 2027 results, the analyst noted.