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Fly News Breaks for June 24, 2015
SYY
Jun 24, 2015 | 08:45 EDT
Deutsche Bank says the risk/reward is still favorable for Sysco shares after a federal judge ruled against the company's merger with US Foods. The firm believes a "Plan B" could still generate upside for the stock. It lists using the balance sheet to repurchase shares and additional cost savings as alternatives to the merger. Deutsche maintains a Buy rating on Sysco with a $50 price target.
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