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SYY

Sysco

$72.72

4.31 (6.30%)

09:18
08/14/18
08/14
09:18
08/14/18
09:18

Sysco price target raised to $81 from $74 at BMO Capital

BMO Capital analyst Kelly Bania raised her price target on Sysco to $81 and kept her Outperform rating after its better than expected Q4 earnings. The analyst says the results suggest that the "independent restaurant segment remain healthy" and the company's execution remains strong relative to peers, with rising freight and fuel costs being managed successfully. Bania adds that Sysco's international expansion remains in its "investment phase", anticipating the company to achieve its 3-year operating income growth target.

SYY Sysco
$72.72

4.31 (6.30%)

08/14/18
LOOP
08/14/18
NO CHANGE
Target $80
LOOP
Buy
Sysco price target raised to $80 from $70 at Loop Capital
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.
08/10/18
08/10/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Intel (INTC) downgraded to Sell from Neutral at Goldman Sachs with analyst Toshiya Hari saying Intel's struggles with 10nm process technology makes the analyst incrementally more negative on the company's competitive positioning and margin outlook. 2. Booking Holdings (BKNG) downgraded to Neutral from Buy at Citi and UBS as well as Neutral from Overweight at JPMorgan. 3. Sysco (SYY) downgraded to Sell from Hold at Pivotal Research with analyst Ajay Jain saying he believes the move up in the stock over the past three months is inconsistent with growing industry headwinds as well as Sysco's company-specific issues. 4. Campbell Soup (CPB) downgraded to Underweight from Neutral at JPMorgan with analyst Ken Goldman saying he agrees with activist Third Point that Campbell's best option is to sell the company; however, he sees a sale as an unlikely outcome. 5. Redfin (RDFN) downgraded to Neutral from Buy at DA Davidson with analyst Tom White citing its Q2 results and below-consensus Q3 guidance. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/10/18
PIVT
08/10/18
DOWNGRADE
Target $58
PIVT
Sell
Sysco downgraded to Sell from Hold at Pivotal Research
Pivotal Research analyst Ajay Jain downgraded Sysco to Sell from Hold ahead of the company's Q4 earnings report scheduled for Monday, as he believes the move up in the stock over the past three months is inconsistent with growing industry headwinds as well as Sysco's company-specific issues. Jain maintains a $58 price target on Sysco shares.
07/18/18
WELS
07/18/18
NO CHANGE
Target $48
WELS
Outperform
US Foods price target raised to $48 from $42 at Wells Fargo
Wells Fargo analyst Edward Kelly raised his price target for US Foods (USFD) to $48 from $42 as his confidence in potential upside to his already above-consensus numbers is growing. The analyst believes the stock remains compelling as the combination of accelerating top and bottom-line performance in the coming quarters, potential upside to the company's three-year goals, a large longer-term self-help angle associated with the margin gap to Sysco (SYY), outsized leverage to M&A, and a discount valuation could all yield material upside to the stock. Kelly reiterates an Outperform rating on US Foods rating.

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SIEGY

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$0.00

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CABO

Cable One

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AJRD

Aerojet Rocketdyne

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0.02 (0.06%)

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AGNC

AGNC Investment

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0.045 (0.25%)

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TM

Toyota

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-0.47 (-0.39%)

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$0.00

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NDAQ

Nasdaq

$87.28

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KL

Kirkland Lake Gold

$24.36

0.58 (2.44%)

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Kirkland Lake Gold raises dividend to C$0.04 from C$0.03 »

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BSX

Boston Scientific

$36.55

0.41 (1.13%)

, EW

Edwards Lifesciences

$163.20

1.2 (0.74%)

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BSX

Boston Scientific

$36.55

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EW

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  • 12

    Dec

HUSA

Houston American Energy

$0.22

0.0009 (0.42%)

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VTVT

vTv Therapeutics

$1.86

0.02 (1.09%)

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GLMD

Galmed

$7.94

-0.445 (-5.31%)

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MDGL

Madrigal Pharmaceuticals

$114.69

1.8 (1.59%)

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VKTX

Viking Therapeutics

$9.47

0.01 (0.11%)

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COT

Cott Corp.

$14.68

0.03 (0.20%)

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NEOS

Neos Therapeutics

$2.03

-0.08 (-3.79%)

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ICPT

Intercept

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-1.32 (-1.24%)

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TOCA

Tocagen

$12.85

0.2 (1.58%)

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Syndicate
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ONCS

OncoSec

$0.82

-0.0489 (-5.62%)

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ISBC

Investors Bancorp

$11.48

-0.06 (-0.52%)

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AVDL

Avadel Pharmaceuticals

$2.62

0.06 (2.34%)

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BIIB

Biogen

$319.85

0.22 (0.07%)

16:58
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Conference/Events
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  • 12

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RSYS

RadiSys

$1.72

(0.00%)

16:58
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  • 13

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LDOS

Leidos

$58.65

-0.82 (-1.38%)

, MSFT

Microsoft

$108.67

1.11 (1.03%)

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