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SYY

Sysco

$50.72

0.15 (0.30%)

16:37
07/17/17
07/17
16:37
07/17/17
16:37

Sysco announces CEO succession plan

Sysco Corporation announced that CEO Bill DeLaney will be succeeded as CEO by Tom Bene, currently president and COO. Bene will become president and CEO effective January 1, 2018, and will join Sysco's board of directors. DeLaney will serve as an advisor to Bene through December 31, 2018.

SYY Sysco
$50.72

0.15 (0.30%)

05/15/17
LOOP
05/15/17
INITIATION
Target $61
LOOP
Buy
Sysco initiated with a Buy at Loop Capital
Loop Capital analyst Andrew Wolf initiated Sysco with a Buy rating and $61 price target, noting that his 2017 and 2018 profit forecasts are above consensus and expressing a positive view on the company's strategic focus on boosting returns on existing assets.
06/16/17
RBCM
06/16/17
NO CHANGE
RBCM
Amazon deal shouldn't directly hurt foodservice distributors, says RBC Capital
RBC Capital said Amazon's (AMZN) deal for Whole Foods (WFM) should not have a direct negative impact on foodservice distributors such as Sysco (SYY), US Foods (USFD) and Performance Food Group (PFGC), noting that there is not enough dock space at Whole Foods to help the e-commerce giant service restaurant needs, though they do acknowledge that combo may take a "small share" from restaurant occasions.
06/23/17
JPMS
06/23/17
NO CHANGE
Target $57
JPMS
Overweight
Sysco removed from Analyst Focus List at JPMorgan
JPMorgan analyst John Ivankoe removed Sysco (SYY) from the firm's Analyst Focus List, citing increased risk that Amazon (AMZN) becomes a disruptor to the foodservice distribution industry following its deal to buy Whole Foods. However, Ivankoe keeps an Overweight rating and $57 price target on Sysco shares.
06/26/17
BOFA
06/26/17
NO CHANGE
BOFA
Sysco pullback on Amazon concerns overdone, says BofA/Merrill
BofA/Merrill analyst Marisa Sullivan said the pullback in Sysco (SYY) shares following the Amazon.com (AMZN) merger announcement with Whole Foods (WFM) is overdone and provides an attractive buying opportunity. The analyst said B2B food service distribution is more complex than retail and requires a differentiated network and notes many independent customers use Sysco and other large distributors for the value-added products and services offered. Further, Sysco has scale advantages that would be costly and difficult to replicate such as high operational efficiencies and customer density, Sullivan wrote.

TODAY'S FREE FLY STORIES

BP

BP

$38.81

0.09 (0.23%)

10:36
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MON

Monsanto

$121.99

-0.09 (-0.07%)

, AGCO

Agco

$70.84

-0.91 (-1.27%)

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Monsanto

$121.99

-0.09 (-0.07%)

AGCO

Agco

$70.84

-0.91 (-1.27%)

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  • 31

    Oct

FCEL

FuelCell

$2.13

0.09 (4.41%)

10:31
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FuelCell to supply power to Navy base in Connecticut »

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  • 16

    Nov

10:30
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10/19
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10:30
General news
EIA natural gas storage change for week ending October 13 »

Gas inventories 51 Bcf…

MU

Micron

$41.65

1.26 (3.12%)

10:30
10/19/17
10/19
10:30
10/19/17
10:30
Options
Active trading in Micron calls as shares slump Thursday »

Active trading in Micron…

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  • 19

    Oct

  • 23

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NKE

Nike

$52.21

-0.0915 (-0.17%)

, ADDYY

adidas

$112.54

-0.08 (-0.07%)

10:29
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Goldman Sachs cuts Nike rating ahead of investor day on excess inventory »

This morning, Goldman…

NKE

Nike

$52.21

-0.0915 (-0.17%)

ADDYY

adidas

$112.54

-0.08 (-0.07%)

GRPN

Groupon

$5.00

0.05 (1.01%)

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  • 25

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    Nov

ULTA

Ulta Beauty

$200.90

2.59 (1.31%)

10:29
10/19/17
10/19
10:29
10/19/17
10:29
Rumors
Rumor moving shares of Ulta Beauty »

Rumor: Ulta Beauty…

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10:25
10/19/17
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10:25
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General news
Today's U.S. reports »

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UAL

United Continental

$64.26

-3.73 (-5.49%)

10:23
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10/19
10:23
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10:23
Technical Analysis
Technical View: United Continental falls after results and outlook »

The company reported Q3…

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  • 19

    Oct

MEIP

MEI Pharma

$2.48

0.15 (6.44%)

10:23
10/19/17
10/19
10:23
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10:23
Hot Stocks
MEI Pharma's pracinostat granted EU orphan designation »

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VZ

Verizon

$50.08

1.431 (2.94%)

10:20
10/19/17
10/19
10:20
10/19/17
10:20
Options
Notable ratio spread in Verizon as shares rally on earnings »

Notable ratio spread in…

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  • 19

    Oct

  • 01

    Nov

10:20
10/19/17
10/19
10:20
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10:20
General news
Treasury Action: yields resumed their slide »

Treasury Action: yields…

$NSD

NASDAQ Market Internals

10:17
10/19/17
10/19
10:17
10/19/17
10:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

10:16
10/19/17
10/19
10:16
10/19/17
10:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

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MRK

Merck

$63.76

0.25 (0.39%)

, TEVA

Teva

$14.61

-0.01 (-0.07%)

10:15
10/19/17
10/19
10:15
10/19/17
10:15
Periodicals
Merck wins appeal to revive NuvaRing patent case against Teva, Bloomberg says »

An appeals court said a…

MRK

Merck

$63.76

0.25 (0.39%)

TEVA

Teva

$14.61

-0.01 (-0.07%)

03/08/13
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  • 20

    Oct

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    Nov

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    Nov

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    Feb

ADP

ADP

$113.93

0.21 (0.18%)

10:15
10/19/17
10/19
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Hot Stocks
Pershing Square releases additional questions for ADP »

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  • 22

    Oct

  • 02

    Nov

10:15
10/19/17
10/19
10:15
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General news
U.S. leading economic index fell 0.2% to 128.6 in September »

U.S. leading economic…

10:15
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Breaking General news story  »

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GS

Goldman Sachs

$240.07

-1.96 (-0.81%)

10:13
10/19/17
10/19
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10:13
Hot Stocks
Blankfein: 'Just left Frankfurt,' 'I'll be spending a lot more time there' »

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  • 22

    Oct

  • 23

    Oct

EVHC

Envision Healthcare

$40.70

0.05 (0.12%)

10:11
10/19/17
10/19
10:11
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10:11
Periodicals
Starboard's Smith to pitch Envision Healthcare as long idea, Bloomberg says »

Starboard Value's…

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  • 01

    Nov

NNI

Nelnet

$51.05

-0.27 (-0.53%)

10:10
10/19/17
10/19
10:10
10/19/17
10:10
Upgrade
Nelnet rating change  »

Follow-up: Nelnet…

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CZR

Caesars

$12.30

0.4 (3.36%)

10:10
10/19/17
10/19
10:10
10/19/17
10:10
Options
Short-term call buyer in Ceaser's opens a notable new position »

Short-term call buyer in…

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  • 08

    Nov

MMP

Magellan Midstream

$67.56

-0.96 (-1.40%)

10:09
10/19/17
10/19
10:09
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10:09
Hot Stocks
Magellan Midstream raises quarterly distribution to 90.5c per unit »

The board of directors of…

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  • 02

    Nov

MDB

MongoDB

10:07
10/19/17
10/19
10:07
10/19/17
10:07
Syndicate
MongoDB indicated to open at $33, IPO priced at $24 »

MongoDB (MDB) priced 8M…

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  • 19

    Oct

HMNY

Helios and Matheson

$16.32

-1.91 (-10.48%)

10:05
10/19/17
10/19
10:05
10/19/17
10:05
Rumors
Rumor moving shares of Helios and Matheson »

Rumor: Helios and…

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