UPDATE: Morgan Stanley Reiterates Equal-Weight Rating, Removes PT on Sysco Corporation Following Management Meetings

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In a report published Monday, Morgan Stanley analyst Vincent J. Sinisi reiterated an Equal-Weight rating on
Sysco CorporationSYY
, but removed the $40.00 price target. In the report, Morgan Stanley noted, “Following a recent WSJ article that highlighted challenges facing the proposed US Foods merger, management meetings leave us reassured that the pending transaction is progressing in-line with Sysco's plans.” Sysco Corporation closed on Friday at $37.53.
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Posted In: Analyst ColorPrice TargetAnalyst RatingsMorgan StanleyVincent J. Sinisi
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