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SYY

Sysco

$59.52

0.24 (0.40%)

08:25
12/07/17
12/07
08:25
12/07/17
08:25

Sysco to host investor day

Investor Day to be held in New York on December 7 at 8:30 am. Webcast Link

  • 07

    Dec

  • 08

    Jan

SYY Sysco
$59.52

0.24 (0.40%)

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.
08/08/17
WELS
08/08/17
NO CHANGE
WELS
Food distributors outlook positive into June quarter results, says Wells Fargo
Wells Fargo says that sentiment on the food distributors has deteriorated due to worries about inflation and Amazon's (AMZN)possible entry into the space. However, the firm thinks that inflation is "a net positive" for the sector, while the three largest companies in the sector look set to benefit from share gains and M&A accretion. Wells is most upbeat on US Foods (USFD)and Sysco (SYY), citing reductions in their valuation and their efforts to increase volume and margins. Wells thinks the stocks have reached attractive entry points as it believes that investors are exaggerating the Amazon threat. It keeps Outperform ratings on US Foods and Sysco.
08/15/17
WELS
08/15/17
NO CHANGE
WELS
Sysco has reached attractive entry point, says Wells Fargo
Wells Fargo says that Sysco reported "solid" results. although investors focused on a few negative aspects, including "the looming threat of Amazon (AMZN)," according to the firm. However, the firm believes that the company is executing well and says that the decline in the stock has created an attractive entry point. Wells expects the company's sales to rise 3.7% in fiscal 2018, and it keeps an Outperform rating on the shares.
11/03/17
WELS
11/03/17
UPGRADE
WELS
Outperform
Performance Food assumed with Outperform from Market Perform at Wells Fargo
Wells Fargo analyst Edward Kelly upgraded Performance Food Group (PFGC) to Outperform from Market Perform after assuming coverage of the name. Food service represents one of the most attractive sectors within consumer, Kelly tells investors in a research note on the sector. The analyst has a $34 price target for Performance Food shares. Kelly also assumed Sysco (SYY) and US Foods (USFD) with Outperform ratings and price targets of $64 and $33, respectively. Those ratings are unchanged from his firm's previous coverage.

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