StreetInsider.com News Articles

Bernstein: 'Sysco (SYY) to acquire Restaurant Depot; A good deal at a bad time'

Tue, 31 Mar 2026 09:16:56 -0400

Bernstein SocGen Group analyst Danilo Gargiulo reiterated a Market Perform rating and $90.00 price target on Sysco (NYSE: SYY).

The analyst commented: "Sysco (SYY) to acquire Restaurant Depot. A good deal at a bad time; Today Sysco announced they have entered into a definitive agreement to acquire Jetro Restaurant Depot (RD), marking the entry of the Food Distributor into the Cash & Carry channel. “Restaurant Depot shareholders will receive $21.6 billion in cash proceeds and 91.5 million Sysco shares. Based on Sysco’s closing share price of $81.80 as of March 27, 2026, this represents a total EV of ~$29.1 billion, or

Bernstein: 'Sysco (SYY) to acquire Restaurant Depot; A good deal at a bad time'

Tue, 31 Mar 2026 09:16:56 -0400

Bernstein SocGen Group analyst Danilo Gargiulo reiterated a Market Perform rating and $90.00 price target on Sysco (NYSE: SYY).