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Fly News Breaks for May 19, 2015
SYY
May 19, 2015 | 06:40 EDT
As previously reported, Credit Suisse upgraded Sysco to Outperform from Neutral and raised its price target to $43 from $38. The firm sees upside to Sysco shares with or without the acquisition of US Foods. Credit Suisse said completion of a deal would be positive given consolidation benefits and lack of a transaction would likely be a catalysts for change in strategy and a restructuring.