Sysco Terminates Merger Agreement With US Foods
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Deutsche Bank Downgrades Sysco (SYY) to Hold
June 30, 2015 6:59 AM EDTDeutsche Bank downgraded Sysco (NYSE: SYY) from Buy to Hold with a price target of $40.00 (from $50.00). Yesterday Sysco announced that it terminated its merger agreement with US Foods after the Federal Trade Commission's request for a preliminary injunction to block the proposed merger. Analyst Karen... More
