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Fly News Breaks for December 12, 2019
SYY
Dec 12, 2019 | 06:03 EDT
Piper Jaffray analyst Nicole Miller Regan initiated coverage of Sysco with an Overweight rating and $94 price target. Distribution growth through leveraging scale, opportunistic acquisitions, and easing comparisons serve as catalysts for the stock, Regan tells investors in a research note. She believes Sysco has "strategic value to lend as well as the ability to create such value."
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