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Fly News Breaks for February 7, 2017
SYY
Feb 7, 2017 | 05:51 EDT
JPMorgan analyst John Ivankoe upgraded Sysco to Overweight saying the shares should be bought in the low $50s. The stock closed down yesterday following the earnings report despite positive news regarding the company's longer-term outlook, Ivankoe tells investors in a research note. He raised his price target for the shares to $57 from $55.
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