Barclays Sees 17% Upside In Sysco


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  • Barclays analyst Jeffrey Bernstein upgraded Sysco Corp (NYSE:SYY) to Overweight from Equal Weight with a price target of $86, up from $80, implying a 17% upside.
  • Bernstein told investors that the company offers a "compelling combination" of accelerating organic sales and EBITDA growth.
  • He sees "outsized" global market share opportunities and the easing of transformation expenses for Sysco, all accelerated by "significant" disruption from the pandemic.
  • Price Action: SYY shares are trading lower by 0.15% at $73.41 on the last check Wednesday.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: Analyst ColorNewsUpgradesPrice TargetAnalyst RatingsBriefs