Information Provided By:
Fly News Breaks for February 4, 2020
SYY
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.