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Fly News Breaks for December 14, 2018
SYY
Dec 14, 2018 | 08:34 EDT
Loop Capital analyst Andrew Wolf kept his Buy rating and $75 price target on Sysco after meeting with its CFO and VP of Investor Relations. The analyst says the discussions support his positive view on the company's position "to deliver sustained solid sales and profit growth" thanks to its "well conceived plans to achieve its FY20 financial goals." Wolf adds that he continues to see Sysco as "the best positioned large cap defensive growth stock" name in his coverage universe, and expects the savings from its scale to offset the industry's labor-related cost issues.
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