Analyst Rating Update on Sysco Corporation (SYY)

Sysco Corporation (SYY) : 3 brokerage houses believe that Sysco Corporation (SYY) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Sysco Corporation (SYY). Zacks Investment Research suggests a Buy with a rank of 2. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 8 Wall Street Analysts endorse the stock as a Buy with a rating of 2.41.

Sysco Corporation (SYY) : 6 Wall Street analysts covering Sysco Corporation (SYY) believe that the average level the stock could reach for the short term is $50. The maximum price target given is $55 and the minimum target for short term is around $44, hence the standard deviation is calculated at $4.6.

Company shares have received an average consensus rating of Hold for the current week Also, Deutsche Bank initiates coverage on Sysco Corporation (NYSE:SYY) The brokerage firm has issued a Hold rating on the shares. The rating by the firm was issued on July 18, 2016.

Sysco

Sysco Corporation (NYSE:SYY): The stock opened at $52.05 on Wednesday but the bulls could not build on the opening and the stock topped out at $52.10 for the day. The stock traded down to $51.28 during the day, due to lack of any buying support eventually closed down at $51.33 with a loss of -1.17% for the day. The stock had closed at $51.94 on the previous day. The total traded volume was 3,227,222 shares.

Sysco Corporation (Sysco) along with its subsidiaries and divisions, is a North American distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company provides products and related services to approximately 425,000 customers, including restaurants, healthcare and educational facilities, lodging establishments and other foodservice customers. Sysco provides food and related products to the foodservice or food-away-from-home industry. The Company has aggregated its operating companies into a number of segments, of which only Broadline and SYGMA are the main segments. Broadline operating companies distribute a line of food products and a variety of non-food products to their customers. SYGMA operating companies distribute a line of food products and a variety of non-food products to chain restaurant customer locations. The Companys other segments include its specialty produce, custom-cut meat and lodging industry products segments.

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