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SYY

Sysco

$48.28

0.51 (1.07%)

17:29
10/06/16
10/06
17:29
10/06/16
17:29

Sysco awarded $130.5M government contract

Sysco Alaska, Anchorage, Alaska, has been awarded a maximum $130.5M firm-fixed-price, indefinite-delivery/indefinite-quantity contract for full food line distribution. This was a competitive acquisition with one response received. This is a two-year base contract with one two-year option period. The maximum dollar amount is for the life of the contract, including options. Location of performance is Alaska, with an Oct. 17, 2020, performance completion date. Using customers are Army, Air Force, Navy, Coast Guard, and federal civilian agencies. Type of appropriation is fiscal 2017 through fiscal 2021 defense working capital funds. The contracting agency is the Defense Logistics Agency Troop Support, Philadelphia, Pennsylvania.

  • 16

    Nov

SYY Sysco
$48.28

0.51 (1.07%)

07/18/16
07/18/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Twilio (TWLO) initiated with a Neutral at Goldman, an Outperform at William Blair, a Hold at Canaccord, a Sector Weight at Pacific Crest, a Market Perform at JMP Securities, and with a Neutral at JPMorgan. 2. Selecta Biosciences (SELB) initiated with a Buy at UBS, a Buy at Stifel, a Buy at Canaccord, and a Buy at Needham. 3. China Mobile (CHL) and China Telecom (CHA) assumed with a Buy at Jefferies. 4. NetEase (NTES) initiated with a Buy at Brean Capital. 5. Sysco (SYY) reinstated with a Hold at Deutsche Bank. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/23/16
LEHM
09/23/16
INITIATION
Target $48
LEHM
Underweight
Sysco initiated with an Underweight at Barclays
Barclays analyst Karen Short started Sysco with an Underweight rating and $48 price target.
09/23/16
09/23/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Morgan Stanley analyst Brian Nowak initiated Activision Blizzard (ATVI) and Electronic Arts (EA), both with Overweight ratings. The analyst is bullish on the digital gaming shift away from "units sold" to a business model based on users, engagement, and digital monetization. He sees digital in-game offerings resulting in recurring and growth user bases, increased per-game engagement, and further monetization opportunities. 2. AstraZeneca (AZN) and GlaxoSmithKline (GSK) both initiated with Overweight ratings by Piper Jaffray analyst Richard Purkiss. 3. Achillion (ACHN) initiated with an Outperform by Wedbush analyst Heather Behanna, who set a $13 price target on the shares. 4. Sysco (SYY) initiated with an Underweight at Barclays and $48 price target by analyst Karen Short. 5. Five Below (FIVE), Dollar Tree (DLTR) and Dollar General (DG) all initiated with Equal Weight ratings by Barclays analyst Karen Short. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/26/16
WELS
09/26/16
NO CHANGE
WELS
Sysco weakness creates buying opportunity, says Wells Fargo
After meeting with Sysco's management, Wells Fargo says the company "remains well-positioned for local customer growth, share gains, and improved profitability over the long-term." The firm blames the stock's recent retreat on "macro/yield factors, renewed deflation concerns and recent end market deceleration." However, it thinks the company is "well-equipped" to deal with deflation and it believes that independent restaurants' growth is outpacing that of chains. Wells thinks that Sysco's stock has reached an attractive entry point.

TODAY'S FREE FLY STORIES

WAT

Waters

$160.27

1.75 (1.10%)

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AAPL

Apple

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, CBS

CBS

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-0.89 (-1.33%)

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Periodicals
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Apple

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WAT

Waters

$160.27

1.75 (1.10%)

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The Washington Journal holds a discussion on Dodd-Frank »

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WHR

Whirlpool

$174.80

3.29 (1.92%)

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Hot Stocks
Whirlpool sees 3%-5% annual organic net sales growth, 10%+ EBIT margin by 2020 »

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$DJT

DJ Transportation Average

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$DJU

DJ Utility Average

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DJX

Dow Jones Industrial Average

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IYT

iShares Transportation Average

$167.06

2.65 (1.61%)

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08:20
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General news
U.S. chain store sales rose 0.6% in the week ended April 22 »

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XLK

Technology Select Sector SPDR

$53.80

0.63 (1.18%)

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KO

Coca-Cola

$43.28

0.21 (0.49%)

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Hot Stocks
Coca-Cola sees FY17 net CapEx $2B-$2.5B »

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XLE

Energy Select Sector SPDR

$68.19

0.4 (0.59%)

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XLY

Consumer Discretionary Sector SPDR

$88.82

0.57 (0.65%)

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SNE

Sony

$33.82

0.14 (0.42%)

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Sony initiated  »

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  • 24

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XLB

S&P Select Materials SPDR

$52.80

0.6 (1.15%)

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COH

Coach

$39.30

0.19 (0.49%)

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XLU

Utilities SPDR

$52.00

0.27 (0.52%)

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XLP

Consumer Staples Sector SPDR

$55.50

0.5 (0.91%)

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XLV

Health Care Select Sector SPDR

$74.41

0.73 (0.99%)

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ALK

Alaska Air

$90.68

1.57 (1.76%)

, VA

Virgin America

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ALK

Alaska Air

$90.68

1.57 (1.76%)

VA

Virgin America

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IWM

iShares Trust Russell 2000 Index Fund

$138.92

1.71 (1.25%)

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KO

Coca-Cola

$43.28

0.21 (0.49%)

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Hot Stocks
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DIA

Diamonds Fund ETF

$207.38

2.13 (1.04%)

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SPY

SPDR S&P 500 ETF Trust

$237.17

2.58 (1.10%)

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