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Fly News Breaks for August 14, 2018
SYY
Aug 14, 2018 | 06:32 EDT
Loop Capital analyst Andrew Wolf raised his price target on Systo $80 and kept his Buy rating after its Q4 results showed "solid momentum", adding that its growth target look "very achievable". The analyst cites a U.S. total case growth of 5.3% and also estimates the "real internal sales growth" at 3.9% - the best rate of growth in "nearly 8 years". Wolf believes that Sysco's momentum is sustainable in the intermediate term as the company offers "reliable defensive growth and increasing returns on capital", which is "rare" in the large-cap staples group.
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