Fly News Breaks for February 4, 2020
Feb 4, 2020 | 08:55 EDT
BMO Capital analyst Kelly Bania lowered her price target on Sysco to $88 after its Q2 results and lowered outlook for its 3-year operating income growth. The analyst still keeps her Outperform rating on the shares as she continues to see the stock as attractive on risk-reward basis given its visibility into accelerating market share gains within the healthy local/independent restaurant segment. Bania contends that Sysco may become the consumer cyclical to own if investors look for rotation into this space with lower relative risk.
News For SYY From the Last 2 Days