Truist Securities Maintains Buy on Sysco, Lowers Price Target to $87
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Jake Bartlett maintains a Buy rating on Sysco (NYSE:SYY) but lowers the price target from $91 to $87.
May 02, 2024 | 1:37 pm
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Truist Securities maintains a Buy rating on Sysco but lowers the price target from $91 to $87.
While the maintenance of a Buy rating suggests continued confidence in Sysco's fundamentals and growth prospects, the reduction in the price target could reflect adjustments in valuation metrics, market conditions, or slightly tempered expectations. This mixed signal might lead to short-term uncertainty among investors, balancing optimism with caution.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100