Goldman Sachs Resumes Sysco (SYY) at Sell, Sees 9% Downside
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Price: $82.99 -0.67%
Rating Summary:
16 Buy, 13 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
16 Buy, 13 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Goldman Sachs resumes coverage on Sysco (NYSE: SYY) with a Sell rating and $27 price target, suggesting 9% downside.
The firm said they see more compelling investment opportunities elsewhere in the Restaurants sector. While the company is best-in-class in Food Service, the industry has slowed. This has heightened competition and moved industry participants towards some lower margin customers to continue to generate growth, they note.
For an analyst ratings summary and ratings history on Sysco click here. For more ratings news on Sysco click here.
Shares of Sysco closed at $29.66 yesterday.
The firm said they see more compelling investment opportunities elsewhere in the Restaurants sector. While the company is best-in-class in Food Service, the industry has slowed. This has heightened competition and moved industry participants towards some lower margin customers to continue to generate growth, they note.
For an analyst ratings summary and ratings history on Sysco click here. For more ratings news on Sysco click here.
Shares of Sysco closed at $29.66 yesterday.
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