Barclays Maintains Overweight on Sysco, Lowers Price Target to $77
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jeffrey Bernstein has maintained an Overweight rating on Sysco (NYSE:SYY) but lowered the price target from $86 to $77.
October 23, 2023 | 2:55 pm
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NEGATIVE IMPACT
Sysco's price target has been lowered from $86 to $77 by Barclays, though the Overweight rating is maintained.
The lowering of the price target by Barclays indicates a potential decrease in Sysco's stock price in the short term. However, the maintenance of the Overweight rating suggests that Barclays still sees Sysco as a good investment in the long term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100