Argus Upgrades Sysco (SYY) to Buy
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Rating Summary:
16 Buy, 13 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 17 | New: 36
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Argus upgraded Sysco (NYSE: SYY) from Hold to Buy with a price target of $50.00.
The analyst view Sysco as one of the best defensive stocks in our Consumer Staples coverage group. They expect cost-cutting efforts to result in continued positive earnings surprises, and look for the company to reach its goal of boosting operating income by $400 million by FY18.
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 $43.44 yesterday.
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