In a report released yesterday, Judah Frommer from Credit Suisse maintained a Buy rating on Sysco Corp (SYY), with a price target of $75. The company’s shares closed yesterday at $66.81.
According to TipRanks.com, Frommer is a 3-star analyst with an average return of 4.3% and a 76.2% success rate. Frommer covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Sprouts Farmers, and Dollar General.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sysco Corp with a $71.33 average price target, representing a 6.8% upside. In a report issued on November 5, Wells Fargo also maintained a Buy rating on the stock with a $75 price target.
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The company has a one-year high of $75.98 and a one-year low of $53.65. Currently, Sysco Corp has an average volume of 2.91M.
Based on the recent corporate insider activity of 157 insiders, corporate insider sentiment is negative on the stock.
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Sysco Corp. engages in selling, marketing, and distribution of food products to restaurants, healthcare and educational facilities, and lodging establishments. It operates through the following segments: U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other.
